{"id":36284,"date":"2012-12-18T00:00:00","date_gmt":"2012-12-17T23:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/te-interesa\/aeb-informa\/continuing-to-move-forward-in-a-decisive-year\/"},"modified":"2026-04-09T09:50:29","modified_gmt":"2026-04-09T07:50:29","slug":"continuing-to-move-forward-in-a-decisive-year","status":"publish","type":"blog-aeb","link":"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/continuing-to-move-forward-in-a-decisive-year\/","title":{"rendered":"Continuing to move forward in a decisive year"},"content":{"rendered":"<h3>Towards a genuine Economic and Monetary Union <\/h3>\n<p>Proposal of the President of the European Council<\/p>\n<ul>\n<li>An integrated financial framework (Banking Union)\n<ul>\n<li>A Single European Supervisor (ECB).<\/li>\n<li>A single regulation (Single Rulebook).<\/li>\n<li>A European deposit guarantee scheme.<\/li>\n<li>A European bank resolution scheme.<\/li>\n<\/ul>\n<\/li>\n<li>An integrated budgetary framework (Fiscal Union). <\/li>\n<li>An integrated economic policy framework (Economic Union). <\/li>\n<li>Increased legitimacy and democratic control (Political Union).<\/li>\n<\/ul>\n<h3>Main ECB actions since December 2011:<\/h3>\n<ul>\n<li> 3-year LTROs (December 2011 and February 2012) <\/li>\n<li>Increased collateral availability (December 2011 and February 2012). Includes non-euro denominated debt instruments (September 2012). <\/li>\n<li>Interest rate cut of 25 bps to 0.75% (July 2012).<\/li>\n<li>OMTs purchase of public debt (between 1-3 years) on the secondary market (September 2012)\n<ul>\n<li>Subject to ESM conditionality for:\n<ul>\n<li>Full macroeconomic adjustment program.<\/li>\n<li>Precautionary program (precautionary credit line).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h6><a href=\"https:\/\/aebanca.es\/wp-content\/uploads\/2017\/12\/00-201204356.pdf\" target=\"_blank\" rel=\"noopener\">Download the full results presentation<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Evolution of the economic and financial environment and income statement as of September 2012. Main ECB actions since December 2011. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","etiquetas":[295,642,393,327],"categorias-blog":[782],"class_list":["post-36284","blog-aeb","type-blog-aeb","status-publish","hentry","etiquetas-banco-central-europeo","etiquetas-cuentas-de-resultados","etiquetas-resultados","etiquetas-tipos-de-interes","categorias-blog-our-activity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Continuing to move forward in a decisive year - September 2012 Results<\/title>\n<meta name=\"description\" content=\"Evolution of the economic and financial environment and income statement as of September 2012. 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