Matolcsy: A second chance for Europe

English2020. szept 2.GOVERNOR MATOLCSY100WORDS

Martin Sandbu warns the EU not to repeat the mistakes of the 2010s in policy-making, when European leaders shifted from stimulus to tightening / FT, 12 August 2020/.

However, this time it is not enough for the EU to suspend the fiscal rules to avoid repeating the mistakes, made a decade ago, because we missed exactly a decade to face and solve the real European challenges.

The crisis gives us a chance to face the crisis of demography, migration, the euro, global competitiveness, long-term sustainability across the board, healthcare systems, political stalemates within the EU, wealth creation and job creation.

Governor Matolcsy, MNB, the Central Bank of Hungary

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