News & Feeds July 3, 2022

Europe as a common shield: protecting the euro area economy from global shocks

I am very pleased to be taking part in this event, even though I unfortunately cannot do so in person. I would like to thank European Parliament Secretary-General Klaus Welle for his kind invitation. As an EU institution, the ECB is accountable to the citizens of Europe via the European Parliament. And our two institutions have quickly learnt one of the key lessons of the COVID-19 crisis: physical distance need not imply intellectual distance. Thanks to technology, since the outbreak of the pandemic I have participated in several virtual hearings of the Committee on Economic and Monetary Affairs to discuss the