ecb speech, 2007-12-05
As regards other policy areas, which do not depend on the central bank, let me stress the three areas where sound policies are absolutely of the essence: sound fiscal policies, fully in line with the Stability and Growth Pact; structural reform policies, fully in line with the Lisbon strategy and the achievement of the Single Market; and last but not least appropriate monitoring of the relative cost competitiveness indicators in the euro area.
Sentiment: neutral
Topic: fiscal_policy