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

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