Hungary’s Central Bank Heads Comment On Euro
- 3 Feb 2014 8:00 AM
The Maastricht criteria have a stabilising effect on EU member states outside the euro zone, the governor of Austria’s central bank told the NBH conference. Setting the objective of joining the euro zone, combined with the Maastricht criteria, have a strong stabilising effect in each prospective euro-zone member state, said Ewald Nowotny.
Opening the conference, György Matolcsy, the governor of Hungary’s central bank, announced that the newly established prize named after Alexandre Lamfalussy, the prominent Hungarian-born economist, would go to Ewald Nowotny.
Christian Noyer, governor of the French central bank, told the conference that setting up a European banking union would greatly improve the transparency of banking groups and strengthen the standardisation of bank bailouts.
Applying the principles of the banking union would enable the standard assessment of the 13 large European banking groups, strengthening the transparency of banking activities, he added.
Source www.hungarymatters.hu
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