ECB's Bini Smaghi rejects France's proposal

European Central Bank Executive Board member Lorenzo Bini Smaghi has rejected France's proposal for a dialogue between the ECB and eurozone states regarding economic policies in the region, according to an interview with Handelsblatt.

'The interest rates right now contribute sufficiently to economic growth,' Bini Smaghi said.

Bini Smaghi said the problem is that the finance ministers in the euro zone, 'do not know amongst themselves what each of the 12 is planning and at which point'.

He said

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