Banks are at the heart of the EU economy, making them a key channel for monetary policy transmission. However, institutional factors continue to lead to fragmentation in the sector, constraining scale, efficiency and competitiveness. As shown by Altavilla et al. (2024), more competitive banks are more resilient to shocks and transmit monetary policy more effectively.
Rome plans to raise €7bn from financial institutions during the next three years through measures including a higher corporation tax rate
Exchange of letters between the Governor and the Chancellor
Greece’s Industrial Production Index (IPI) slowed in September, recording a modest 0.6% year-on-year (YoY) increase, following a 5.8% rise in the previous month, according to data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Greece’s Consumer Price Index (CPI) accelerated further in October with a jump of 5.7 percent year-on-year (YoY), from a 5 percent sharp rise in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT).
Motivated by the renewed use of industrial policy, this article examines the conditions under which sector-specific interventions can support productivity, competitiveness, and economic resilience. While industrial policy may be justified where market failures or dependencies are well-identified, selective intervention entails risks of distortion through rent-seeking and resource misallocation.
The political dispute surrounding the Great Sea Interconnector (GSI) is increasingly shifting from events at sea to the diplomacy taking place behind closed doors.
Nvidia’s boardroom crisis raises questions about the future of the company that has become the bank of AI
China Life Insurance to ditch holding in 99 Bishopsgate ahead of planned redevelopment led by Canadian investor
The Santander chief says she will be the last in her family to run the bank
