Monday, October 18, 2010

In an euro area there are serious disagreements

Comments during week-end have shown euro area section on the fiscal and monetary policy. The president of ETSB Trishe has supported the program of the repayment of actives to which the head of Central Bank of Germany Weber counteracts. Weber concentrates attention to dangers of a late exit from stimulation programs. Ministers of Finance have met in Luxembourg where between them there was a division on institutional reforms where Germany wants reception of automatic rules of punishment for discrepancy of the fiscal purposes though many support smaller automation in this question. A lack of fiscal discipline was one of those moments whom has appeared even before crisis, and the lack of control and sanctions on these questions can undermine long-term stability of euro.

Translate this page

Search This Blog