Monday, December 22, 2008
Trichet: Fiscal stability: "Let's stick to the rules"
Exclusive Trichet interview: It is time for banks to start lending again
Q: Governments are finding themselves under increasing pressure on finances. Financial stability criteria are being breached. Often temporary breaches become permanent. Does this concern you?
A: We have a simple position, namely that it is important to respect the rules of the Stability and Growth Pact. The rules were precisely changed a few years ago to take into account exceptional circumstances. So let’s stick to the rules. Within...
