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ECB Nowotny: consolidation should start soon


VIENNA (Dow Jones) – The members of the euro zone should  According to the Austrian member of the Council of the European Central Bank (ECB), Ewald Nowotny, very soon begin looking at the To consolidate public finances.

This monetary union was to quickly  be brought back to a Stabilitätspfad back, "said Nowotny on Sunday.
Economic growth was still very tense and fragile.  Rapid action is needed Nowotny, according to public To prevent debt levels, which were then uncontrollably. That But worst of the crisis was over.
In terms of Greece said the governor of Oesterreichische Nationalbank (OeNB), that the country first prove must implement and serious measures to Budgtkonsoliderung also be able to. Before that was no help from the European Union’s conceivable, "said the Central bankers in the "ORF".

- By Flemming E. Hansen, Dow Jones Newswires;
+49 (0) 69 29725 110, markus.klausen @ dowjones.com

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