ECB Lipstok: Utmost Importance EMU Govts Enact July 21 Accord

Author: Market News International | Category: News

FRANKFURT (MNI) – It is of utmost importance that the national
governments of the Eurozone implement everything that was agreed upon at
the July 21 summit, European Central Bank Governing Council member
Andres Lipstok said in an interview released late Tuesday.

“This includes meeting fiscal targets, reinforcing the European
Financial Stability Fund, and strengthening economic growth capacity,”
Lipstok, who heads Estonia’s central bank, told Estonian business daily
Aripaev.

Lipstok said that in light of increased uncertainty in financial
markets, it was important for the euro area governments to promptly and
deliver uniform messages.

He said a prompt implementation of the promises of the July summit
will ensure an increase in economic competitiveness and flexibility in
the euro area.

–Frankfurt Bureau +49 69 720 142; email: frankfurt@marketnews.com

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