ECB: Visions of the Future

There are many satellite events in the neighbourhood of the IMF meetings  –  Jorg Asmussen and Benoit Coeure made interesting speeches and both call for banking union as part of  the future development of the euro area.

The Princeton event also had a number of other interesting contributions – details here.

Public Debt, Monetary Policy and Financial Stability

The Banque de France’s Financial Stability Review has a set of essays on this topic from a range of experts – here.

Blanchard: Fiscal Compact a gateway to eurobonds

Olivier Blanchard is quoted in the press today:

“When there was no fiscal treaty nor budgetary and budgetary discipline instruments, the Germans had good reason to reject bearing the brunt of irresponsible policies by other states,” Olivier Blanchard told the Monday edition of Financial Times Deutschland.

“But now we have a fiscal treaty. The Germans should accept that the eurozone is going by way of eurobonds,” he added.

A Bedraggled ‘Celtic Tiger’ Struggles to Retrain Workers

The WSJ article is here.

IBEC: Driving Ireland’s Recovery

IBEC’s ideas are laid out here.