ECB Chief Economist Jurgen Stark Calls For Global Governance Of Eurozone Members

Open Europe Press Summary of October 25, 2010 relates: Writing in FT Deutschland, ECB Chief Economist Jürgen Stark argues that “Europe needs stricter rules. Only hard sanctions can force Eurozone member states to reduce debt” He adds that therefore the stability pact must be made unpolitical, whereby “countries should be classified in risk groups. The higher the risk, the more binding the recommendations to reduce imbalances should be.”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: