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Europe Must Use Calm on Markets to Do Reforms, Asmussen Says - Bloomberg

European Central Bank council member Joerg Asmussen said the region's governments must make use of the calm period in the markets created by the central bank's three-year loans.

"All countries of the euro zone have to do their homework," Asmussen told reporters in Saariselkae, Finland, 1,100 kilometers (684 miles) north of Helsinki. They have to "do structural reforms, create jobs. This is true for all countries."

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Mar 24th, 2012 at 04:16:43 PM EST
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Euro Leaders Need to Step Up Austerity, Finland's PM Says - Bloomberg

European policy makers can't rely on the central bank to manage the region's crisis and must now follow with measures to cut debt and restore economic confidence, Finland's Prime Minister Jyrki Katainen said.

"Crisis management can't be outsourced to the central bank," Katainen said in an interview in Saariselkae, Finland. "Member states have a couple of years to take austerity measures to restore and strengthen credibility for when the operations end."

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Mar 24th, 2012 at 04:17:12 PM EST
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