Mersch calls for clear government fiscal strategy
Yves Mersch, the president of the Central Bank of Luxembourg, on Tuesday said the deterioration of public finance in industrialised countries would only be overcome with good policy measures.
At a conference in Shanghai, Mersch said: "Given the deterioration of public finance in the industrialised world in general and in the Eurozone in particular, it is of the essence to correct fiscal imbalances in many euro-area countries. Responsible fiscal management is the basis for balanced and
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