FRANKFURT (Reuters) – A common budget for the euro zone could help tackle any future economic crisis once the European Central Bank’s rates are already cut to zero, the ECB’s chief economist said on Friday.
“Such a central budget could help monetary policy, especially in times of deep recessions when nominal interest rates may reach their effective lower bound,” Peter Praet said at a conference.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com