Comments out on Reuters

  • would also support ECB's objective of medium-term price stability
  • but in many countries such fiscal space simply does not exist
  • ensuring sound public finances in Europe will also require changes to the EU's fiscal governance framework.
  • lack of compliance with the rules has hampered the Eurozone's ability to deliver an efficient macroeconomic policy stance

Yada yada. More of the same from ECB talking heads.

ECB's Coeure banging on about fiscals still