Constancio Says 'Not Optimistic' on EU Banking Union

The video discusses the communication strategies of central banks like the ECB and the Fed, highlighting their transparency and forward guidance. It examines the impact of US monetary policy on emerging markets, noting the challenges posed by interest rate hikes and dollar appreciation. The discussion also covers European economic challenges, including migration issues and the incomplete banking union.

What are the implications of the external deficit for the US and global economy?

What challenges does the European economy face regarding migration issues?

How does the completion of banking union relate to the current economic climate in Europe?