During the pandemic risk-sharing mechanisms in the euro area proved to be stronger than in earlier crises. Further improving the architecture of our monetary union is central to increasing the euro area’s capacity to deal with shocks https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202207_01~f71f0eaa4a.en.html #EconomicBulletin

🐦🔗: https://nitter.eu/ecb/status/1589906020427366401