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Quick recap of the key points from Panetta's....>

ECB
ECB: Quick recap of the key points from Panetta's speech.
- It was another ECB Executive Board speech focusing on the tightening of
financial conditions - in line with recent comments from Lane and Schnabel and
the ECB Accounts.
- He talks about how acting pre-emptively is important particularly when there
is "hysteresis" due to Covid-19.
- And he also talks about the structuring changes to the economy and that we are
moving to the second phase of the crisis which involves "rebuilding and
modernising the European economy".

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