Speech by N. Esho

Objectives of the roundtable Europe has entered a period of persistent inflation with slow growth although unemployment remains relatively low. This opening session will assess the right policy mix – monetary-fiscal interaction – for coping with persistent high inflation and the reduction of growth in Europe. The panel will first discuss the steps the ECB … Continued

Objectives of the roundtable Inflation, although falling, remains well above the 2% target: euro area headline inflation was 5.3% in July 2023, down from 6.1% in May, while core inflation remained unchanged at 5.5%. The inflation process has become more persistent. According to the ECB, “we will face several years of rising nominal wages, with … Continued

Objectives of the roundtable During the last sessions organised by Eurofi on the diversity of business models, a consensus was reached between industry and public policy makers that: The variety of banking business models, provided they are viable and sustainable (i.e. profitable and resilient), is an asset to ensure financial stability in Europe and to … Continued

Objectives of the roundtable The session will discuss the financial stability impacts of the economic environment – characterized by persistent high inflation, low growth, very high levels of public, private debt and asset valuation in many countries and increased nominal interest rates – on the financial industry. The panel will also focus on the main … Continued

Objectives This session will first discuss the potential impacts of the use of new technologies on the competitiveness of European financial markets, the conditions for reaping the full benefits of technology in this regard and whether these evolutions are supported by the existing policy frameworks and those being implemented. The panel will also assess the … Continued

Objectives of the roundtable The objective of this exchange of views is to identify the challenges and priorities for Latin American countries, and in particular Uruguay and Paraguay, related to the climate and digital transitions. Discussions on these matters are expected to be held from an economic and financial sector stand-point. Speakers will be encouraged … Continued

Objectives of the roundtable The objective of this exchange of views is to assess the next Commission to improve the competitiveness of EU economies, further integrate the EU area banking sector and develop capital markets in Europe. Points for discussion The economic gap between the European Union and its main global competitors, notably the United … Continued