The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
More credible and enforceable fiscal rules should help bolster long-term debt sustainability in the euro area while the return of market discipline is already incentivising consolidation.
VIENNA (Reuters) -Excessive debt in some EU countries is hampering the fight against inflation, Austria's finance minister said on Wednesday, adding that