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Luxembourg – The European Financial Stability Facility on Tuesday raised €3 billion in a new 8-year bond, meeting more than half of its funding needs for the second quarter.
“The decision to start the new quarter with a 8-year benchmark received good response from investors, especially from European bank treasuries. In addition we are very satisfied to see a return of Asian investors to our books,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
“10 Years After the Crisis: A Forward Look at Today’s Bubbles and Risks”
Third annual SSGA-OMFIF roundtable
London, 10 April 2018
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It is a great honour for me to be here today and to be part of this roundtable. I am a big fan of the OMFIF events, I always find them very thought provoking. I hope you agree with me – in any case I’m sure you’ll be ready for a drink after this panel.
"A European Monetary Fund: for what purpose?"
Euro 50 Group conference
Brussels, 10 April 2018
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Ladies and gentlemen,
I am very pleased to speak at this conference. The Euro 50 Group, as always, has succeeded in putting together a programme that is very relevant for the current policy debate. The discussion about the political situation in Italy we just listened to clearly shows that.
This paper finds that the effects of fiscal expansions on economic activity are stronger when governments have access to foreign sources of finance.
Authors: Fernando Broner (CREI, Universitat Pompeu Fabra, and Barcelona GSE), Daragh Clancy (ESM), Alberto Martin (CREI, Universitat Pompeu Fabra, and Barcelona GSE) and Aitor Erce (ESM)
Abstract: