Bundesbank board member wary of flexibility in fiscal rules

The Bundesbank

Liability and control must be restored to a "more balanced position" in the eurozone to safeguard the monetary union, according to a speech by Carl-Ludwig Thiele, a member of the executive board of Deutsche Bundesbank.

The union could be stabilised through the creation of a genuine fiscal union with tax and spending policies "coordinated centrally at a European level", Thiele said, but he did not see a majority of voters in any eurozone country supporting such a move. The only possible option

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: