Merkel says ECB moves should not obscure need to reform

Published Thu, Jan 22, 2015 · 02:36 PM

[DAVOS] German Chancellor Angela Merkel said on Thursday that moves by the European Central Bank to bolster growth did not absolve European politicians of their responsibility to reform their economies.

"Regardless of what the ECB does, it should not obscure the fact that the real growth impulses must come from conditions set by the politicians," Ms Merkel said at the World Economic Forum in Davos, Switzerland.

"What's important for me is that (politicians) move even more decisively to address the issues, rather than thinking that the buying of time through other measures means we can forget about structural reforms."

REUTERS

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here