ECB’s Coeure: There is a need for fiscal instruments to deal with future shocks

The European Central Bank (ECB) Governing Council member Benoit Coeure was on the wires last minutes, via Reuters, making a scheduled speech titled ‘The Euro Area’s Three Lines of Defense’ in Slovenia.

Key Headlines:

Bank’s actions during the crisis were bold, unparalleled.

Next crisis may test ECB's mandate limits without reforms.

There is a need for fiscal instruments to deal with future shocks.