Central bank exhausted, now cut debt

  • 2012-03-28
  • From wire reports
TALLINN - 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, said Finland’s Prime Minister Jyrki Katainen, reports Bloomberg. “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.”The European Central Bank’s 1 trillion euros of t...
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