For years, people have identified the lack of fiscal transfers and fiscal burden sharing as one of the glaring architectural flaws of the European economy (particularly within the eurozone). One positive that may result from this crisis is the potential for that to change. Last month, EU governments made an agreement to establish a recovery fund that would see wealthy, thriving countries (like Germany) directly aid in the economic recovery of countries that are struggling (such as Italy). It’s something people hoped to see during the eurozone crisis of nearly a decade ago, but which never quite panned out. On this episode, we speak with former ECB Vice-President Vítor Constâncio about the historic step, and the future for central banking at a time when fiscal firepower is becoming even more important.

For years, people have identified the lack of fiscal transfers and fiscal burden sharing as one of the glaring architectural flaws of the European economy (particularly within the eurozone). One positive that may result from this crisis is the potential for that to change. Last month, EU governments made an agreement to establish a recovery fund that would see wealthy, thriving countries (like Germany) directly aid in the economic recovery of countries that are struggling (such as Italy). It’s something people hoped to see during the eurozone crisis of nearly a decade ago, but which never quite panned out. On this episode, we speak with former ECB Vice-President Vítor Constâncio about the historic step, and the future for central banking at a time when fiscal firepower is becoming even more important.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

The ECB’s Former Vice-President Explains The Historic Step That Europe Just Took

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fb3d81b1-6c25-4699-afec-ae27004c0ff4/transcript

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