Daily Archives: May 27, 2014

Claire Jones

During the ECB’s forum on central banking which is taking place in the Portuguese town of Sintra, president Mario Draghi took the opportunity to discuss his views on how to breath new life into the eurozone’s market for securitisation. 

(c) Getty Images

A sobering message from Larry Summers this afternoon in a speech at the “Conference on Inclusive Capitalism” in London

Claire Jones

The European Central Bank is not exactly renowned for stoking inflation. At 0.7 per cent, price pressures are now less than half its target of below but close to 2 per cent — something that the governing council has done nothing to correct over the past six months.

That did not stop Paul Krugman today telling the ECB to raise its target even higher. The Princeton professor was standing only meters away from Mario Draghi, in Sintra at an event that the eurozone’s monetary authority hopes to become its own version of the US Federal Reserve’s Jackson Hole.

As hard sells go, this is right up there.