ECB’s Panetta Warns Cross-Border Payments Inefficiencies Risk Fragmenting Global System; Calls for Coordinated Reform
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Fabio Panetta said on Tuesday that inefficiencies in cross-border payments are becoming a broader test of whether the global economy can remain interconnected amid rising geopolitical tensions, while urging coordinated reforms at both global and national level.
5 May 2026 | Central Bank News