Bundesbank's Welteke on reforming Europe

In the speech 'Reforming Europe' given on 21 November, Ernst Welteke of the Deutsche Bundesbank said at present, low interest rates and ample liquidity are highly conducive to growth in the euro area. In the ECB Governing Council, Welteke stressed, we are ready to support the economic recovery as long as this is compatible with our mandate of maintaining price stability. The degree of confidence required for a self-sustaining recovery, he said, could be given a further boost by credibly

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