![]() ![]() Greece should be allowed to use the "laboratory" for as long as it takes, he adds. "This is a country that has the highest rate of return to higher education in the EU." The ECB chief economist says he is confident that there will be a shift in policy in Europe over the next two to three years.Ī number of countries have already started to apply a more restrictive monetary policy.Īnd he believes the eurozone's "laboratory", Greece, has been "gaining momentum" in a number of fields, especially in education. The European elections will be a test for all of us "The European elections will show whether the people share this vision, whether this vision will prevail and be realisable in the coming years." ![]() "We have to face the reality that Europe is growing and growing and the sustainability of the current model, the current political and economic governance structure is under question."Ī plan for the long-term future of the eurozone, discussed at a dinner hosted by the European Central Bank in Frankfurt on Tuesday, provides a "vision for Europe for the next five to seven years," Franz says.īut "that vision must not be based on the assumption that we can somehow keep the same structures in place", he says. "The European elections will be a test for all of us," he told the BBC's Today programme on Tuesday. The economic and political fallout from Brexit, new challenges for the European Central Bank and Emmanuel Macron’s plan for France’s next president will be discussed.In a wide-ranging interview on the future of Europe, the bank's chief economist, Silvio Franz, says the eurozone is ready for Brexit and needs to deal with it in the best way.įranz, who has published a report on the future of the eurozone that made the case for keeping the euro, believes the first European elections in May will be a moment of truth for the EU and for its current economic model. ![]()
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