Andreas Dombret: Cutting the Gordian Knot or splitting hairs – the debate about breaking up the banks Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the ILF (Institute for Law and Finance) Conference “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks?”, Frankfurt am Main, 21 January 2014. * 1.
A high level of anti-inflationary credibility has been obtained in no easy times, which were characterised by an increase in headline inflation in the euro area in 2000 due to the oil price shock and the protracted depreciation of the euro.