Report
A one-legged Europe no more?
To move forward, it is preferable to have two legs than one. To stabilise the business cycle, it is better to be able to intervene from two angles - monetary and fiscal. Europe's framework up is such that fiscal policies are decentralised and therefore uncoordinated and suboptimal. EU-wide fiscal stabilisation does not exist. In emergencies, (almost) everything lies on the ECB's shoulders. This can pose problems, as we were recently reminded by Germany's constitutional court. The...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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