ECB's Peter Praet setting us up for some interesting comments by the looks of things ;-)
- Euro area needs a comprehensive policy response
- ECB does what is necessary to fulfil its mandate
- There's not much time left to make structural reforms (Don't hold your breath Pete)
- Monetary policy can't support the business cycle permanently
- Sees insufficient sense of urgency on euro are reforms
The ECB (and other CB's) are constantly saying atht governments need to do more. Unless central banks start putting the squeeze on them by reducing their use of tools and polices, they might as well talk to a brick wall.
Speaking in Madrid.
