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Fed’s Fischer Calls for Greater European Fiscal Integration

Europe’s Economic and Monetary Union will “very likely” survive its current crisis, but greater fiscal integration is needed for the eurozone’s future, the U.S. central bank’s No. 2 official said Thursday.

Source: http://blogs.wsj.com/economics/2015/05/21/feds-fischer-calls-for-greater-european-fiscal-integration/?mod=WSJBlog

ECB to Stop Giving Journalists Advance Copies of Speeches

The ECB will no longer distribute to journalists advance copies of speeches under embargo following a snafu earlier this week with a speech by Executive Board member Benoit Coeuré.

Source: http://blogs.wsj.com/economics/2015/05/20/ecb-to-stop-giving-journalists-advance-copies-of-speeches/?mod=WSJBlog

Portuguese Politicians Turn a Deaf Ear to IMF

Five months ahead of a general election, the Portuguese government and the main opposition Socialist Party can agree with one thing: the International Monetary Fund no longer has a say here.
Earlier this week, the IMF, which along with the European Union bailed out Portugal in 2011 with a 78 billion euro ($86.6 billion) loan, issued a staff report. Portugal, it wrote, is still far from achieving significant growth levels, having failed to implement all the necessary reforms to make its economy more competitive.

Source: http://blogs.wsj.com/economics/2015/05/20/portuguese-politicians-turn-a-deaf-ear-to-imf/?mod=WSJBlog

ECB Ready to Go Further if Inflation Target Not Met—French Central Bank Chief

Christian Noyer, governor of the Bank of France, pictured in March 2015.
Bloomberg News

PARIS—The European Central Bank is ready to take additional steps

Source: http://blogs.wsj.com/economics/2015/05/19/ecb-ready-to-go-further-if-inflation-target-not-met-french-central-bank-chief/?mod=WSJBlog
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