Europe
ECB's Demarco signals rate hikes likely as oil shock persists
Bank of Malta governor breaks with dovish colleagues to warn that even a ceasefire may not lower energy prices enough to avoid tightening at June meeting.
Person
Yannis Stournaras
Governor of the Bank of Greece, Bank of Greece
What we have reported
- Joined calls for restraint, warning against premature action while the economy remains weak.
- Advocates for joint EU debt issuance to fund defence, green transition and innovation, citing ECB Governing Council support and narrowed sovereign spreads.
- Linked the dollar's decline to US tariffs, attacks on the Federal Reserve and the fiscal impact of the recent tax bill during a CNBC-moderated panel.
Coverage
Europe
Greek central bank chief presses Berlin on eurobonds as ECB backs joint debt
Yannis Stournaras argues narrowed spreads and ECB consensus make common issuance essential for defence, green transition and innovation, but Friedrich Merz remains opposed.
Business
Euro climbs 14 percent as US policy uncertainty erodes dollar reserve status
Central bankers at Aix-en-Provence forum argue American tariffs, fiscal expansion and threats to Federal Reserve independence are driving a structural shift toward the euro, though European integration gaps remain.
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