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27.09.2013 13:11:44
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Thought Leadership: The sovereign debt crisis - past, present and future
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Dombret recently spoke at a Schroders seminar on the European debt crisis, where he shared his insights into the structural reforms that are necessary to achieve an enduring and successful monetary union. Recently, we have seen a marked improvement in the eurozone. The bloc has finally emerged from six consecutive quarters of recession and financial markets have recovered somewhat. According to Dombret, the �road leading out of the crisis is just as long but much more difficult, particularly for those countries which are directly affected by this crisis than the road that led to it". Dombret looked back at the origins of the crisis and shared his viewson the structural reforms that, in his view, are necessary to achieve an enduring and successful monetary union.
About Dr Dombret: Dr Dombret has considerable experience, in-depth knowledge and insight into the European financial system. Since 2010 he has been responsible for Financial Stability, Statistics and Risk Control at the Deutsche Bundesbank. Prior to this, he was the Vice Chairman of Bank of America Global and Managing Director and Co-Head of Rothschild Germany. In addition he holds a series of honorary posts including being a member of the Board of Trustees for the Center for Financial Studies at the University of Frankfurt and is a Member of the Board of Directors of Bank for International Settlements (BIS)/Basel. | |||||||
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