ECB bond purchases only temporary measure – Stark

BERLIN, May 15 (BestGrowthStock) – The European Central Bank’s
purchases of government bonds are only a temporary measure which
must be constantly reviewed, ECB Executive Board member Juergen
Stark was quoted on Saturday as saying.

Stark also told the Frankfurter Allgemeine Sonntagszeitung
that the European Union’s budget discipline process had to be
depoliticised, with countries which break the Stability Pact
facing automatic and early sanctions.

In remarks released by the newspaper before publication in
Sunday’s edition, Stark also said the EU’s $1 trillion rescue
package had only bought time, and the situation would calm only
when euro zone governments reformed their economies and made
budget savings.

Investing Analysis
(writing by David Stamp; Editing by Ruth Pitchford)

ECB bond purchases only temporary measure – Stark