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Suomen Pankki -

Governor Erkki Liikanen Bank of Finland Independent institutions and rule of law are essential for successful convergence Frankfurt, 5th October 2017 Independent institutions and rule of law are essential for successful convergence First a comment from the history of enlargements. The first post- cold war – enlargement negotiations started in March 1993. These were concluded in spring of 1994. Austria, Finland and Sweden joined in January 1995. I was one of the negotiators then. In the middle...

Suomen Pankki -

of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 6-7 September 2017 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed the latest financial market developments. Since the Governing Council's monetary policy meeting on 19-20 July 2017 two noteworthy developments had taken place in government bond markets. First, the widening of the spread between the yields on...