A Quote by Lucas Papademos

Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives. — © Lucas Papademos
Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
I think there are only two things you should really expect Congress to do.One is to pass a short-term funding bill, because it's not in their political interest to shut down the government when the fiscal year comes into effect, the new fiscal year, on October 1. The second thing, I think, is Zika funding. This has been put off and off for months and months.
The Federal Reserve and other central banks have adopted broad public policy objectives to guide the development and oversight of the payments system. At the Fed, we have identified efficiency and safety as our most fundamental objectives, as set forth in our Policy on Payment System Risk.
Food redistribution is economically sensible, ecologically pressing, and socially responsible; it is high time food corporations woke up to it and governments started funding the organisations that facilitate it.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.
Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.
The way forward is for governments to consciously pursue monetary and fiscal stability through setting clear objectives, establishing proper rules, and requiring openness and transparency - the new rules of the game.
Those who expect radical changes in policy and direction are mistaken and lost. The government of the fourth republic will build on what was undertaken by previous governments and will continue with all good things.
There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
A house divided against itself cannot stand." I believe this government cannot endure, permanently half slave and half free. I do not expect the Union to be dissolved — I do not expect the house to fall — but I do expect it will cease to be divided. It will become all one thing or all the other.
Bitcoin is getting there. But it’s not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations.
That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.
The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.
It is naturally only a coincidence that all too often, American foreign-policy objectives dovetail nicely with the economic objectives of multinational corporations.
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