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Transcript of interview with Rolf Strauch, ESM Chief Economist
Athens Municipal Radio
Recorded 2 March, aired 3 March 2019
Interviewer: John Papageorgiou
Athens Municipal Radio: Before coming to Greece, I would like to ask you how concerned are you about the slowdown of the projections regarding the Eurozone economy? Do you think that we may enter in a recession circle as well?
Rolf Strauch, ESM Chief Economist
“Strengthening the euro area: benefits for global financial stability” Impulse statement in panel discussion on “Global Financial Stability: Insights From Europe”
Delphi Economic Forum IV: The challenge of inclusive growth
Delphi, 2 March 2019
(Please check against delivery)
Good evening,
Luxembourg – The European Stability Mechanism (ESM) on Monday raised €2 billion by issuing a new 10-year bond, marking a successful start to its funding activities in 2019.
After the economic crisis of 2008, private-sector spending took nearly a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach whose proven success is too rarely acknowledged. Harking back to New Deal regulatory agencies, Listokin proposes that we take seriously law’s ability to function as a macroeconomic tool, capable of stimulating demand when needed and relieving demand when it threatens to overheat economies.