MADRID (MNI) – European Central Bank Governing Council member
Miguel Ordonez called on authorities and economic agents Tuesday to
assume the implications of sharing a single monetary policy,
underscoring the need for sound public finances and flexibility.
“You cannot overcome the crisis without strengthening European
governance supplemented by a thorough review of national policies
conform to the EU,” the governor of the Bank of Spain said in opening
remarks at conference in honor of the former BoS governor Angel Rojo.
Ordonez said there was room for improvement in the speed that
measures are being taken to counter the sovereign debt crisis.
Increasing productivity is the key variable for restoring confidence
and bolstering output and employment, he said.
[TOPICS: M$$EC$,M$S$$$,M$X$$$,MGX$$$]
