-
Time For Fiscal Policy To Take Over - ECB Villeroy
Monetary policy has "done its duty," the governor of the Bank of France said Tuesday, and it is now the turn of fiscal policy to assume responsibility for driving global growth. Francois Villeroy de Galhau also used his speech at the Paris School of Economics to again signal his opposition to restarting the European Central Bank's asset purchase programme, and to caution against the purchase of private assets by central banks. Here are the key points from the speech: - Villeroy said he supported "many elements" of the package of measures announced by the ECB earlier this month, including the strengthening of the ... (full story)