Mario Draghi has just pushed the boundaries of central banking further into the realm of globalization, at a time when globalization is on the run.
Following the work of Reserve Bank of India Raghuram Rajan and others, the European Central Bank president on Tuesday became the most senior global central banker so far to call for more explicit policy cooperation between jurisdictions. Draghi’s aim is to mitigate the damaging cross-border side-effects brought on by the combination of monetary activism and tighter global financial links. Continue reading
EU High Representative Federica Mogherini presented yesterday to the European leaders at their Summit in Brussels the new Global Strategy for the EU´s Foreign and Security Policy. COMECE, who actively participated in the reflection process, welcomes the document and hopes for its proper and effective implementation.
Despite a packed crisis agenda at the EU Summit, EU High Representative Federica Mogherini presented yesterday to the European Council the EU Global Strategy which she was mandated with by the European Heads of State one year ago. The COMECE Bishops issued last 14 June a report on “Europe´s Vocation to Promote Peace in the World”. The new EU Global Strategy reflects several of the recommendations put forward in COMECE´s contribution. Continue reading