Inadequate euro zone reforms could force ECB to act: Coeure

August 23, 2016 11:37 AM

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Inadequate euro zone reforms could force ECB to act: Coeure

GENEVA The European Central Bank may have to ease policy further if badly needed fiscal and structural reforms in the euro zone fail to materialize, Executive Board member Benoit Coeure said on Tuesday.

"If nothing takes place (in terms of reforms), the central bank would have to do more," Coeure told a conference in Geneva. "If not much is taking place on the structural reform front, not much on fiscal reform front, then ECB would have to do more."

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