ECB board member Novotny speaking in Berlin 11 May 2016
Stating the obvious somewhat.
- doesn't see secular stagnation
- common Eurobonds would be desirable while still retaining national bonds
- banking union needs deposit insurance in long-term
- helicopter money not implementable in Eurozone
- need to separate monetary from fiscal policy
Speech covering a range of topics it would appear. No further detail at present.
ECB's Nowotny- Global recovery too slow