Andres Lipstok News
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The euro-area economy stalled in the first quarter as companies cut spending to weather the sovereign-debt crisis, offsetting a gain in exports.
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European Central Bank Governing Council member Andres Lipstok comments on the region’s debt crisis and monetary policy. Lipstok, who heads Estonia’s central bank, made the remarks in an interview in Tallinn yesterday.
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Inflation in the German state of Saxony slowed in May as Europe’s largest economy weakened.
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Estonia should join the permanent euro rescue fund as the country addresses risks threatening the European economy, Estonia’s Central Bank Governor Andres Lipstok said.
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Estonia’s adoption of the euro may bolster a German-influenced faction on the European Central Bank’s Governing Council that’s pushing for more government austerity in member states, analysts said.
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European Central Bank Governing Council member Andres Lipstok said the risk of “persistently” higher euro-area inflation has increased as global price pressures aren’t easing.
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European Central Bank Governing Council member Andres Lipstok said critics of Europe should be aware that the single currency area’s economic performance compares favorably with other advanced nations.
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European Central Bank Governing Council member Andres Lipstok said the bank’s liquidity and bond-buying measures may reduce the incentives for governments to act to solve the debt crisis.
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Estonian central bank Governor Andres Lipstok has proposed two candidates to replace Deputy Governors Marten Ross and Rein Minka after the bank’s supervisory board rejected them due to a lack of international credentials.
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Estonian Finance Minister Juergen Ligi will run for the job of the Baltic nation’s central bank governor when Andres Lipstok’s term expires in June.
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