# ECB's Schnabel says the issue facing Europe is a lack of scale

> ECB Executive Board member Isabel Schnabel said Europe's core problem is a lack of scale rather than talent, ideas or research. She framed the point around the Single Market and a proposed 28th regulatory regime for firms.

- Date: 2026-11-13 · published 2026-11-13T09:11:09.152Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/97524-ecb-s-schnabel-says-the-issue-facing-europe-is-a-lack-of-scale
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The remarks are structural and carry little signal for rates or near-term commodity prices. They matter only for longer-dated European integration and banking themes.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-08-31 | [Euro drops as ECB’s Schnabel pushes back on hikes; NFPs due \| Convera](https://feedsoft.ai/events/34809-euro-drops-as-ecb-s-schnabel-pushes-back-on-hikes-nfps-due-convera.md) | -2.0% | -3.2% |
| EURUSD | 2019-02-15 | [Euro falls after ECB official says fresh round of loans possible – The Irish Times](https://feedsoft.ai/events/60822-euro-falls-after-ecb-official-says-fresh-round-of-loans-possible-the-irish-times.md) | +0.5% | +0.5% |
| EURUSD | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | +0.6% | +1.8% |
| EURUSD | 2018-04-12 | [Euro in Danger as Strength Now a Pressing Issue for the European Central Bank](https://feedsoft.ai/events/65729-euro-in-danger-as-strength-now-a-pressing-issue-for-the-european-central-bank.md) | -0.0% | -4.3% |
| EURUSD | 2026-07-24 | [ECB holds rates steady: Why is the Euro rising?](https://feedsoft.ai/events/18562-ecb-holds-rates-steady-why-is-the-euro-rising.md) | +1.3% | +2.7% |

## Sources

- newsquawk.com: https://www.newsquawk.com/headlines/ecbs-schnabel-says-the-issue-facing-europe-is-a-lack-of-scale

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.