BRUSSELS (MNI) – The fiscal compact agreed on by European leaders
late Monday will bolster confidence in the Eurozone, European Central
Bank President Mario Draghi said upon leaving the summit meeting here.
“We welcome the fiscal compact reached by the Heads of State and
Government,” he told journalists on the way out. “It is the first step
towards the fiscal union. It certainly will strengthen confidence in the
euro area. We also welcome the entry into force of the ESM Treaty in
July 2012.”
–Frankfurt bureau tel.: +49-69-720142. Email: dbarwick@marketnews.com
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