DNB's Knot says EMU countries must stick to macroeconomic rules
Unfair to turn euro crisis into a ‘moral caricature', central bank president says
Blame for the eurozone economic crisis must be shared between core and periphery countries for allowing current account surpluses to grow too far, according to Klaas Knot, president of De Nederlandsche Bank (DNB).
Speaking at the Duitsland Instituut in Amsterdam on Monday April 7, the Dutch economist said it would be "unfair to turn the crisis into a moral caricature between the virtuous and the profligate, between ants and grasshoppers" – noting "several so-called core countries are not in
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