ECB’s Liikanen, in a newspaper interview, says the bottom of the global downturn has been reached and stimulus measures to boost economies are fine but must be backed up with budget surpluses in the future.
The official says “The basic picture is changing. Not radically, but it is changing” adding “In the short-term a stimulus is okay, but in the longer-term you need budget surpluses because of it.”
Liikanen sees no need to change interest rates at the moment.
