In an interview with the Financial Times, European Central Bank board member Benoît Cœuré warned that the price of sovereign bonds and stubbornly low inflation are bleak signals for the global economy.
More worryingly, he said, “global cooperation is eroding {and} the capacity of global policymakers to deal with shocks to the global economy is today less than it was previously.”
Cœuré is one of the possible candidates to succeed Mario Draghi at the helm of the European Central Bank in October....

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