The member of the Executive Board of the European Central Bank Yves Mersch, referred to the Greek elections and the need to maintain the Stability Pact rigorously.
While referring to tomorrow’s election, Mersch stated that “countries that have competitiveness problems are called to correct them and not to constantly make demands on a monetary policy”.
Furthermore the Executive Board of the European Central Bank stressed that “is the responsibility of the Greek voters to choose the government that they believe will provide a better future for their country “.
Following the ECB’s announcement of mass-market securities program on Thursday, Merch urged Brussels to respect the Stability Pact.
As the ECB official stated in his interview to the German newspaper “ Neue Osnabrücker Zeitung”, We can’t always resort on a monetary policy” in order to solve the problem of confidence in the eurozone.