ECB’s Cœuré calls for tougher rules on structural policy
Monetary policy at risk of being affected, executive board member says
Benoît Cœuré, a member of the European Central Bank's (ECB) executive board, today urged policy-makers in Europe to establish strong rules to govern the interdependence of different policies, ensuring they do not impinge upon one another.
"Independence is not a sufficient condition to ensure that monetary policy calls the shots," Cœuré said in a speech accepting the Hungarian National Bank's award in memory of Alexandre Lamfalussy. Cœuré argued the eurozone was designed around the principle of
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