Enrique Alberola-Ila is Adviser, Monetary and Economic Department. Previously, he has been the Chief Representative of the BIS Americas Office for five years (2014-19). Prior to that he was at the Bank of Spain. In 2001 he became the first Head of the Latin American Economies Unit. In 2009 he was promoted to Deputy Director of the DG International Affairs. Mr Alberola holds a degree in economics from the University of Valencia (1990) and an MA and a PhD from the European University Institute (1995).
The ECB’s pandemic emergency purchase programme has improved substantially the debt dynamics of euro-area countries, with durable effects.