The European Central Bank is ready to act “swiftly” if needed to counter the risk of persistently low inflation in the euro area, Vice President Vitor Constancio said today in Brussels.
The European Union needs a plan for cross-border bank failures that goes beyond financial services Commissioner Michel Barnier’s proposed cooperation measures, European Central Bank Vice President Vitor Constancio said.
The European Central Bank will hire more than 500 new staff to adapt to its new role as banking supervisor, ECB Vice President Vitor Constancio said.
European Central Bank Vice President Vitor Constancio said officials remain determined to fight inflation, even after raising borrowing costs for the first time in almost three years.
The European Central Bank will thoroughly probe banks’ balance sheets as it prepares to assume oversight powers, seeking to reassure markets of the robustness of euro-area lenders.
"The organization has faced numerous challenges to its core business."
- Vitor Constancio on Dec 09, 2014