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ECB Constancio: We trust that we will achieve normalization on inflation levels

Headlines from speech being reported now

  • We are well aware of collateral effects of our policy on the economy
  • Know the limits of certain policy instruments
  • In principal, M&As accompanied by downsizing are the best option for consolidation in the sector with banking union providing a favorable backdrop
  • Resolution of the large post crisis NPL (Non Performing Loans) overhang in Europe requires a comprehensive strategy
  • Reducing NPL levels will realistically take several years to reach reasonable levels
  • Present situation deserves a deep reflection about the offsetting of some market failures

For the full text of the speech you can read it HERE .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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