A European Safe Asset From Crisis Pragmatism to Strategic Necessity
Olli Rehns welcome address at the ESRB workshop argues that the creation of a European safe asset has shifted from an academic debate to a strategic economic necessity.
Olli Rehns welcome address at the ESRB workshop argues that the creation of a European safe asset has shifted from an academic debate to a strategic economic necessity.
In a keynote speech in Frankfurt, Philip R. Lane of the European Central Bank argued that the euro area suffers from a shortage of safe assets highly liquid, low-risk financial instruments that are essential for stable financial markets and effective monetary policy.
In an interview with NRC, Frank Elderson, a senior official at the European Central Bank, explained that although the ECB is not responsible for climate policymaking, it must take climate and environmental risks into account to fulfill its core mandate of maintaining price and financial stability.
In a keynote speech delivered in Berlin on April 20, 2026, at the 75th anniversary reception of the Association of German Banks, Christine Lagarde, President of the European Central Bank, outlined the profound economic uncertainty caused by successive global shocks and the ongoing energy crisis.
The latest consolidated financial statement of the Eurosystem shows a slight weekly decline in total assets and liabilities, mainly driven by reductions in securities holdings and central bank liquidity operations.
There is currently no fuel shortage in the European Union, but the European Commission is preparing for a possible and still concerning supply shortage of aviation fuel, said Anna-Kaisa Itkonen, the Commissions spokesperson, in Brussels on Friday.
The euro area current account surplus fell to 25 billion in February 2026 from 40 billion in January, while the 12-month surplus narrowed to 289 billion (1.8% of GDP) from 371 billion (2.4% a year earlier), mainly due to weaker primary and services balances partly offset by a stronger goods surplus. In the financial account, […]
According to official EU data submitted to the UNFCCC and analysed by the European Environment Agency (EEA), the European Union reduced its greenhouse gas emissions by a further 3% between 2023 and 2024, bringing total reductions to 40% below 1990 levels.
Poor weather conditions along the main migratory routes into the European Union were among the key factors behind a continued sharp decline in irregular border crossings. In the first three months of 2026, detections fell by 39% compared with the same period last year, with just over 21,400 crossings recorded, according to preliminary data from […]
The ECB Governing Council meeting of 1819 March 2026 took place in an environment shaped by a major geopolitical shockthe war in the Middle Eastwhich significantly affected energy markets, inflation dynamics, financial conditions, and the economic outlook.