Before taking over the Irish central bank in 2019, he was New Zealand’s top treasury official.
He was a UK civil servant and an aide to former prime minister Gordon Brown before that.
Born in Egypt, he holds British and Greek passports.
“The one incredibly powerful thing we have in Europe is the spirit of togetherness and a recognition that connections matter — and we spend a lot of time agonising about all sort of things,” he said.
“But actually the way I look at it, the agony is about what more potential can we fulfill, as opposed to — is there a problem that we can’t resolve.”
Europe’s economy is struggling through a phase of sluggish growth at the moment, with consumers hesitant to spent despite slowing inflation, rising wages and a strong labor market.
Businesses also aren’t particularly eager to invest amid heightened uncertainty and geopolitical risks.
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Publish date : 2024-10-27 05:10:00
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