ECB President Christine Lagarde explains the Governing Council’s monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on Thursday, 11 June 2026 at 14:45 CEST in Frankfurt am Main.
To celebrate, we’re revisiting the initial steps of Portugal’s membership of the euro area, set to the sound of a certified banger 💶💃
#Euro #Europe #ECB
War in the Middle East, soaring energy prices and upside risks to inflation are clouding the financial stability outlook for the euro area.
How resilient are banks and markets? Are investors underestimating geopolitical risks? And how exposed is the financial system to stretched asset valuations? In this episode of Euro Matters, Paul Gordon speaks with John Fell about these questions and more.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Further reading
Financial Stability review at a glance
https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/index.en.html
Financial Stability Review, May 2026
https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/ecb.fsr202605~50566915a7.en.html
Session 5
Chair: Günter Coenen, European Central Bank
Are fiscal transfers inflationary?
Jonas E. Arias, Federal Reserve Bank of Philadelphia
Juan F. Rubio-Ramírez*, Emory University and Federal Reserve Bank of Atlanta
Minchul Shin, Federal Reserve Bank of Philadelphia
Discussant: Leonardo Melosi, European University Institute