Central Banks

Tuesday, May 5, 2015 - 13:06

ECB's Jazbec: Other Policy Areas Must Complement ECB's Efforts

By David Barwick

OXFORD (MNI) - The policy measures implemented by the ECB need complementing by other policies, notably structural reform, ECB Governing Council member Bostjan Jazbec said Tuesday.

Speaking at Oxford University, Jazbec, who heads the Bank of Slovenia, said, "Other policies need to be implemented to complement something generated by the ECB."

The ECB's policies have created an environment in which "implementation of structural reforms might be less painful than otherwise, and this is something which other policymakers should start working on seriously," he said.

--MNI Frankfurt Bureau; tel: +49 69-720-142; email: dbarwick@mni-news.com

[TOPICS: M$X$$$,M$$EC$]

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