Hints and tips:
...Costa has said he has a clear conscience.Additional reporting by Martin Arnold in Frankfurt...
...More “dovish” members such as Portugal’s central bank boss Mário Centeno say the risk of “doing too much” has become “material” as the outlook for the eurozone economy has deteriorated in recent weeks....
...“Not overreacting is a huge concern for every central bank,” Mário Centeno, the head of Portugal’s central bank, told Portuguese broadcaster RTP on Thursday....
...Others, such as FT columnist Rana Foroohar, are less optimistic about the outcome, while economics commentator Martin Wolf believes all bets are off if Donald Trump gets back in the White House....
...But others, such as Mário Centeno at the Portuguese central bank, have called for it to shift to smaller rate rises....
...“We need to keep the transmission channels open, so we can’t have fragmentation,” said Mário Centeno, head of Portugal’s central bank and an ECB council member. “We need a backstop.”...
...“I am convinced that the traction of growth that the economy was following will prevail,” said Mário Centeno of Portugal, who is an ECB governing council member, while warning: “A scenario close to stagflation...
...Mr Centeno will become the latest new face to join the European Central Bank’s governing council....
...Chart du jour: How democracies die Martin Wolf’s latest FT Big Read channels Aristotle and argues that the post-pandemic social contract must be centred on a revived notion of citizenship — or else our...
...(FT) Three-way pact Fianna Fáil leader Micheál Martin has been elected as Ireland’s new prime minister....
...The EU is prepared to relax its fiscal rules to counteract the economic impact of the coronavirus, but only temporarily, Mário Centeno, head of the eurogroup of eurozone finance ministers, said on Wednesday...
...Mário Centeno, the head of the eurogroup, said last week that “no efforts will be spared” in Europe to contain the disease and shield economies from further damage, while on Thursday the European Central...
...(chart via FT) Planet Europe Calling it quitsMário Centeno announced on Tuesday he was standing down as eurogroup president and finance minister in his Portugal’s minority Socialist government....
...Mário Centeno, head of the Eurogroup of eurozone finance ministers, said in a statement on Wednesday that Mr Panetta was the only name put forward by Wednesday’s deadline and his candidacy would be discussed...
...Weidmann’s reverse ferret The FT’s Martin Arnold writes in from Frankfurt to note a surprising U-turn from Jens Weidmann on the ECB’s green ambitions....
...His selection, which will be confirmed on February 17, makes it more likely that a southern contender will assume the presidency from Mário Centeno, who is expected to step down later year....
...Pierre Gramegna was a candidate in 2017 when he lost out to Portugal’s Mário Centeno....
...(Reuters) Martin Wolf disagrees....
...Mário Centeno, eurogroup chief, told CNBC on Wednesday that finance ministers would use “new weapons to deal with this crisis” and “decisions will be taken soon” without giving any details....
...EU finance ministers navigated their way through a five-hour virtual meeting on Monday, chaired by eurogroup president Mário Centeno in Lisbon....
...But we also need to decide who will bear the costs of that choice and how, Martin Wolf writes....
...Catarina Martins, the BE leader, said Mr Costa could “choose stability” by negotiating a government programme with her party or negotiate for its support “budget by budget, year by year”....
...This has forced Mr Centeno to set aside €1.1bn this year to prop it up, instead of a budgeted €400m....
...There is a catch-all instruction to keep talking about all the contested ideas raised in the letter to leaders from Mário Centeno, president of the eurogroup of finance ministers....
...Mário Centeno, the president of the eurogroup of eurozone finance ministers, put it best. “This is it!”...
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