ECB's Coeure: Governments with fiscal space should act

Author: Justin Low | Category: Central Banks

Coeure is repeating the same message as Draghi yesterday

  • There is a very strong view in the ECB that fiscal policy must take charge
  • Fiscal policy and structural reforms are needed to get full benefits from ECB policy
  • Underlying euro area inflation is muted
  • Risks to economic growth remain tilted to the downside
That's basically pretty much a word-for-word repeat of Draghi's remarks in his press conference yesterday. But once again, adds to more talk about fiscal stimulus on the day.

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