European Central Bank policymakers are not shy of setting out their thoughts on the future of the eurozone – but their policy prescriptions differ. As a service to Money Supply readers, here is a summary of their latest contributions:
Lorenzo Bini Smaghi, Italian executive board member, argued in Rome on Thursday that at times of crisis, decision makers had to strike a balance. Europe’s monetary union had been built on the false premise that there would never be crises and that markets would function perfectly, he argued. Neither proved correct.
