August 10, 2020· 58 min

The ECB’s Former Vice-President Explains The Historic Step That Europe Just Took

Vítor Constâncio

Orality

Model

84%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostJoe Weisenthal(1,623 words)

M:28%

HostTracy Alloway(1,022 words)

M:28%

GuestVítor Constâncio(4,865 words)

M:26%

Oral Indicators

Agonistic32%

obviously, very, definitely

Engagement36%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

inflation (52x), central (51x), it's (50x)

Parallelism100%

And I'm Tracy Alloway...., But, also, I feel like in this..., And, you know, for years durin...

Sound Patterns39%

31 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases5%

i mean, so to speak

Literate Indicators

Hedging10%

maybe, may, could

Passive Voice20%

was agreed, be distributed, be entitled

Abstract Nouns24%

investment, relation, implication

Subordination14%

because, whereas, since

Sentence Length58%

Avg: 19.5 words/sentence

Word Complexity50%

investment, analyze, anticipate

Academic Markers4%

according to

Impersonal Style64%

290 personal pronouns found

Descriptive Style87%

really, obviously, supply

Description

For years, people have identified the lack of fiscal transfers and fiscal burden sharing as one of the glaring architectural flaws of the European economy (particularly within the eurozone). One positive that may result from this crisis is the potential for that to change. Last month, EU governments made an agreement to establish a recovery fund that would see wealthy, thriving countries (like Germany) directly aid in the economic recovery of countries that are struggling (such as Italy). It’s something people hoped to see during the eurozone crisis of nearly a decade ago, but which never quite panned out. On this episode, we speak with former ECB Vice-President Vítor Constâncio about the historic step, and the future for central banking at a time when fiscal firepower is becoming even more important. See omnystudio.com/listener for privacy information.

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