ECB Praet:EMU Fiscal Pact A Good Start; Now Need Bold Reforms

The new fiscal rules agreed by Eurozone memberstates is an important step toward restoring confidence in sovereigndebt markets, European Central Bank Executive Board member Peter Praetsaid Friday.”To accompany fiscal consolidation, bold and ambitious structuralreforms are essential,” Praet said in a text for delivery to the FourthWorld Policy Conference here. […]