The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

ECB's Knot- 'ECB can't solve the crisis'

Well that's reassuring considering the markets apparently depending on the European Central Bank to support, stabilize and push past the current eurozone crisis.


Today in a Dutch weekly magazine, VRIJ Nederland, Klaas Knot, the President  and Governor at De Nederlandsche Bank (the Dutch Central Bank) and also member of the ECB Governing Council and Governor at the Bank of International Settlements(BIS) said:




"The ECB can not solve the crisis, which is primarily a task of the government."



While this maybe true, it's not exactly what the markets want to hear politicians and market participants – who have seen investors turn their backs on the EFSF and abandon the European government bond markets – are pressing the ECB to save the day and increase its buying.


To be continued ......

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree