- Analytics
- News and Tools
- Market News
- Skepticism about the EUR in the long run – Commerzbank
Skepticism about the EUR in the long run – Commerzbank
Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, highlights the fundamental problem of the common currency area.
No central bank has ever been able to conduct monetary policy against its people in the long run
It is not the quality of the arguments but national interests that determine the monetary policy positions of our monetary guardians. I wonder whether a common monetary policy can succeed in this way.
Don't get me wrong. Any monetary policy made by a body is a compromise. And perhaps compromises are good. But when it's not about the quality of the arguments, but about national interests, the losing half of Europe must always believe that it would be better off with a national monetary policy. In this way, a common currency will never be accepted.
At the end of the day, the institutional independence of a central bank is of no use if the public does not have fundamental confidence in it. No central bank has ever been able to conduct monetary policy against its people in the long run. That's why I'm skeptical about the EUR in the long run.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
