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MADRID: European Central Bank policy maker Pablo Hernandez de Cos says the institution should consider a policy to actively manage governments’ borrowing costs.
IT was a year full of surprises and of many unprecedented events. Who knew a virus outbreak could shut down global economies, force countries to close their borders and ground airlines?
IF the global financial crisis taught economic policy makers anything, it was go early and go hard. The cost of hesitating proved too great.
Brussels: A European Central Bank (ECB) push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top official warning it could backfire and damage the integration of the financial system.
ON June 2,1992, Italy’s then-chief Treasury official, Mario Draghi, stepped aboard Queen Elizabeth II’s yacht, Britannia, docked near Rome, to ask a group of British bankers for help in slimming down the country’s bloated public sector.