By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson said Wednesday that Europe’s banks were being held back mainly by the lack of a genuinely unified banking market, rather than by prudential rules.
13 May 2026
– European Central Bank Governing Council member Alexander Demarco said Tuesday that the ECB’s ability to look through...
– European Central Bank Executive Board member Frank Elderson on Tuesday said Europe’s banking sector was held back by...
– European Central Bank Governing Council member Joachim Nagel said on Tuesday that large or persistent effects from the Middle...
– European Central Bank Governing Council member Fabio Panetta was elected chair of the board of the Bank for International...
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 6 May 2026 with Rasa Kavolytè, Director of State Treasury Department of the Ministry of Finance of the Republic of Lithuania.
6 May 2026
Rasa Kavolytė, Director of Lithuanian Treasury: Still have up to €2.5 billion to raise via syndications in 2026
Kavolytė: We prefer launching new benchmarks in syndicated transactions
Kavolytė: Investor demand strongest in the belly of the curve
Kavolytė: No green bond issuance planned in the near term
Kavolytė: No current plans to target institutional investors with defense bonds
Kavolytė: Lithuania not planning to extend defense bond program to longer maturities
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 28 April 2026 with Stelios Leonidou, Senior Economic Officer at the Cypriot Public Debt Management Office.
5 May 2026
- Stelios Leonidou, senior official of Cypriot DMO: New benchmark could be either tap of current 10-year bond or longer-dated issue
- Leonidou: Expect roughly one issuance per year going forward
- Leonidou: There is room to prefund part of 2027 financing needs
- Leonidou: Foreign issuance plans remain on hold until global conditions stabilize
- Leonidou: Initial foreign currency issuance would likely be in USD
- Leonidou: No plans for liability management operations in 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson said Wednesday that Europe’s banks were being held back mainly by the lack of a genuinely unified banking market, rather than by prudential rules.
13 May 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Alexander Demarco said Tuesday that the ECB’s ability to look through the latest oil shock was weakening as the Middle East conflict drags on and energy prices remain elevated.
12 May 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson on Tuesday said Europe’s banking sector was held back by fragmented markets rather than excessive regulation, calling for faster progress on the banking union, capital markets integration and the Single Market.
12 May 2026
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday that large or persistent effects from the Middle East conflict on inflation would require action from the ECB.
12 May 2026
By Laura Contemori – ROME (Econostream) – The UK Debt Management Office (DMO) allotted £4.0 billion of 4⅛% Treasury Gilt 2031 at an auction on Tuesday.
12 May 2026
By Laura Contemori – ROME (Econostream) – The Belgian Debt Agency allotted a combined €3.382 billion of Treasury certificates on Tuesday across two maturities.
12 May 2026
By Laura Contemori – ROME (Econostream) – The German Finance Agency (Finanzagentur) allotted €4.63 billion of a 2-year Federal Treasury note (Schatz) on Tuesday at a reopening auction of its 2.50% June 14, 2028 line.
12 May 2026
By Laura Contemori – ROME (Econostream) – The Italian Ministry of Economy and Finance (MEF) allotted a combined €10 billion of Treasury bills (BOTs) on Tuesday across two maturities, according to results published by the Bank of Italy.
12 May 2026
As of 12 May 2026
By Marta Vilar – MADRID (Econostream) – Econostream’s ECB Tone Meter moved further into hawkish territory this week, with both the Governing Council and Executive Board indices penetrating deeper into the slightly hawkish range between +0.5 and +2.5.
8 May 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde has not undone the hawkish signal of April 30, when she suggested that “directionally, I know where we're heading.” Still, she has made clearer that June 11 may be more open than markets believed.
11 May 2026
By David Barwick – FRANKFURT (Econostream) – Although her remarks on Thursday evening may have been taken hawkishly, European Central Bank Executive Board member Isabel Schnabel did not make the case that the ECB must raise rates in June, even if such an outcome seems likely from today’s perspective. Rather, while continuing to leave the ECB an escape hatch, she emphasized that waiting for wage growth to prove second-round effects could imply waiting too long.
8 May 2026
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau’s final monetary policy speech as Banque de France governor on Thursday was meant to be an exercise in humility. Hypocrisy won.
8 May 2026
By David Barwick – FRANKFURT (Econostream) – Outgoing European Central Bank Vice President Luis de Guindos is not campaigning against former Banco de España Governor Pablo Hernández de Cos for the ECB presidency, but with each successive interview, he sounds less like someone actively supporting him.
4 May 2026