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