December 12th, 2013

ELEC approves resolution on banks and the economic upturn
The Central Council of the European League for Economic Cooperation approved at its Brussels meeting of December 6th, 2013, a resolution pointing out ways to reinforce the contribution of a restored financial sector to the economic upturn in Europe. The resolution was drafted the day before at a most interesting meeting of ELEC’s Economic and Social Commission. Since there is a trade-off between financial stability and the capacity to support economic growth, it became clear that the real debate in this delicate question is not so much between Small and Medium Enterprises versus banks, but between banks and business versus European policy makers and regulators. You can find the text of the resolution on our website.
 
Jan Smets, director of the National Bank of Belgium, was the keynote speaker during a formal dinner hosted by Banque Degroof. He focused on what the European Central Bank can do – and can not do – but assured that the ECB will continue to contribute to economic stability.
 
The Central Council endorsed a large number of activities for the new working year 2014. Meetings of the Monetary Commission (Amsterdam), the Mediterranean Commission (Rabat), the Agriculture Commission (Bucharest) and the Economic & Social Commission (Paris) are in the pipeline.
 
You will receive more information on the coming and pas meetings soon.
 
Kindest regards,
 
Jerry van Waterschoot
Secretary General
 
 

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