Europe’s growth obstacles are of ‘our own making’, Elderson says – Central Banking
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ECB board member warns diverging national interests may hurt continent’s future
Frank Elderson
A member of the European Central Bank’s executive board has said financial markets’ fragmentation along national lines is impeding the continent’s ability to control its own future.
Speaking at a “fireside chat” at the Hertie School in Berlin on September 8, Frank Elderson argued that structural barriers were preventing European banks from providing the investment needed for the continent’s defence, digital revolution and green transition. “Obstacles to growth and prosperity are still of our own
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