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The case for monetary tightening is becoming urgent but the central bank does have room to act
Central bank must remove ambiguity over its inflation target
Don’t subsidise jobs in half-empty hotels; support sectors with growth potential instead
It is hard to see how the ECB could lower the target without notice or consequence
With economic indicators sagging, inaction risks turning the central bank into a paper tiger
Most countries can support economic growth without jeopardising debt sustainability
There is nothing unusual about a central bank managing the maturity of its assets
With more room for manoeuvre, the central bank could have acted earlier in the crisis
The tenacity of bitcoin reflects dissatisfaction with current payment systems
The idea stops short of full fiscal union, for which there is no political appetite
Europe lacks the services ecosystem that leaves London the only town in the game
Improved economic activity and an inflation uptick prompt calls to pull the plug
Pan-European oversight would stave off regulatory splintering
The problem with normalising monetary policy is the eurozone economy is not normal
Join the EU banking union and allow free movement of labour in finance, writes Reza Moghadam
Risk-sharing faces political resistance in creditor nations such as Germany, writes Reza Moghadam
Delinking European banks from their sovereigns would diversify debt portfolios, which is less risky for all, writes Reza Moghadam
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