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  1. That’s two questioners at Minsky Conference who referred to negative deposit rates as a "tax on banks". What?

  2. Constancio on helicopter money: wouldn't make a big difference because governments can already fund increased expenditures at very-low rates

  3. Constâncio on diminishing returns of FX depreciation. Underpins thesis behind March: shift focus to credit easing.

  4. Speech Vítor Constâncio: International headwinds and the effectiveness of monetary policy

  5. Constâncio says CMU will require harmonisation of bankruptcy laws to create a truly single financial mkt in the EU (ssh until after June!)

  6. Just one more thing: upcoming decree law on bankruptcy will be key. Could provide a strong catalyst, if properly designed.

  7. Isn't taking questions from analysts on the earnings call basically the most important job of a CEO in quarterly capitalism?

  8. Further reading

  9. I think that gesture means: 'More Europe, please.' But it could be misinterpreted.

  10. Very cool €5 coin launching in Germany this week

  11. : 'ECB policy isn't helping trust in European integration'. Whereas German fiscal policy.....

  12. ? Detail of problem is quite clear. Honest answer: "Not sure, let me research it and get back to you"?

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