ECB’s Asmussen says Greek reforms are starting to show results
European Central Bank Executive Board Member Joerg Asmussen said
Greece’s government has made progress and reforms are beginning to show
positive results.
“A lot has been done by the Greek authorities in
the last two years -- the primary deficit has been reduced,” Asmussen
said in a speech in Tokyoon Friday. “Labour-market reforms are beginning
to show positive results.”
Asmussen said the ECB is “seeing
encouraging signs that the fiscal targets for next year can be met.” The
best way out of its crisis for the euro area is “for Greece to reform
within the euro area,” he said.
Speaking about the European
Stability Mechanism, Asmussen said that “few would have predicted, in
early 2010, that we would today have an international treaty ensuring
balanced budgets and a permanent rescue fund of 500 billion euros.” At
the same time, “to fully restore confidence in the euro area, we also
need to fix the flaws in its institutional architecture,” he said.
[Bloomberg] |
Keine Kommentare:
Kommentar veröffentlichen