FRANKFURT (MNI) – It remains to be seen whether the deal reached
earlier this week on reforms to European Union fiscal rules represents a
“great day for Europe,” European Central Bank Executive Board member
Juergen Stark said Wednesday.
It also is unclear “whether in the end the strengthening of the
fiscal rules, the strengthening of the Stability and Growth Pact and the
new procedure on macroeconomic surveillance will really turn out to be
a quantum leap,” Stark told reporters on the sidelines of the ECB’s
conference on statistics here.
— Frankfurt bureau: +49-69-720 142; email: frankfurt@marketnews.com —
[TOPICS: MGX$$$,M$X$$$,M$$EC$]
