Daily Archives: December 18, 2012

Michael Steen

Yves Mersch. Getty Images

Yves Mersch, the former governor of the bank of Luxembourg, whose elevation to the European Central Bank’s six-person executive board became the subject of a row about the lack of female central bankers, has given his first interview since taking up the post on Monday.

The ECB normally publishes transcripts of these on its website but has not done so this time, presumably because the interview with Germany’s Frankfurter Allgemeine Zeitung was conducted just before he formally took up post. So as a service to Money Supply readers, here are some of the highlights.

Mr Mersch attempted to pour cold water on speculation that a cut to the ECB’s main refinancing rate (currently 0.75 per cent) is imminent. Read more

Is the eurozone set to be the most dynamic economy? Getty Images

Where would you find the soon-to-be most dynamic economy in the western world?

The counterintuitive answer from Mario Draghi, European Central Bank president, is none other than the emotionally battered and low-on-festive-cheer currency bloc whose name has become synonymous with crisis, recession and gloom.

 Read more