ECB Coeure prefers using fiscal space to speed up Eurozone economic recovery

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The European Central Bank member Benoit Coeure was on the wires stating the use of fiscal space (fiscal stimulus) would speed up the Euro area’s return to growth and support the ecb’s objective of medium-term price stability.

    He added further that in many Eurozone countries such a fiscal space does not exist.

    Key Quotes

    Ensuring sound public finances in Europe will also require changes to the eu’s fiscal governance framework

    Lack of compliance with the rules has hampered the Euro area’s ability to deliver an efficient macroeconomic policy stance
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