Vladimír Urbánek (Kurzy.cz)
Finance  |  September 07, 2010 10:21:34

ECB: The first exit at the turn of the year, the eurozone needs a flexible markets and structural reforms


The rest of 2010 will offer less optimism than what we offered him the second quarter and the European Central Bank in this regard remains very cautious and prudent, said in an interview with CNBC chief ECB Governor Jean Claude Trichet. "We can not even talk about any partial victory, but with humility continue to work on changing the fiscal policies and in particular to restore confidence to markets that we see as crucial at this point," Trichet said. Key Trichet remains by domestic demand and price stability, which continues to see as the best path to a stable and sustainable growth. When naming the main problem of the eurozone and the European Union as a whole for future dynamics pointed to the inflexibility of the economy and the past decade, in which the program and the Lisbon agenda of structural reforms remained only on paper. "The two sides of the Atlantic is a clear difference.Flexibility characteristic of the U.S. economy and not enough flexibility of the economy or monetary-27 sixteen, "said Trichet. He said it was disappointed by the outcome of the Lisbon strategy, under which over the last decade should do much more. "The program we have not implemented, but we had. Now we have a new period to the end of 2020, in which we must do much more in the real and effective structural reforms, "Trichet said.

The full report can be found on the server Patria Online, specifically HERE

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ECB: O exitu nejdříve na přelomu roku; eurozóna potřebuje flexibilní trhy a strukturální reformy

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