ECB's Praet says it's clear any politically acceptable EZ fiscal policy will be modest in size - ConsultFX

ECB's Praet says it's clear any politically acceptable EZ fiscal policy will be modest in size

ECB chief economist Praet out with scheduled speech 27 Oct - pvt/public risk-sharing in Europe underdeveloped - the key question for the economics profession is whether it is possible to remove the link between the stabilisation function and the redistributive function, allowing for a central budget of moderate size to have a meaningful macroeconomic stabilisation effect Speech entitled Copyright 2015 Forexlive.com