ECB’s Weidmann says loose monetary policy is not enough to boost growth

  • ECB policy is more accommodative than ever before
  • Mon pol can influence short-term demand
  • Says high youth unemployment in Spain a tragedy
  • In the absence of the exchange rate as an adjustment variable, flexible labour market movement helps absorb economic shocks
  • FSB bank rules should be adopted as soon a s possible

No mention of ECB unanimity from the German ECB member but that might be me reading more into it than I need to.

He also says that there are 28 EU digital markets that are holding back innovation and growth

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