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Smooth monetary union requires fiscal union: ECB

Wednesday, May 30, 2012 - 06:10

May 31 - For monetary union to work properly, Europe must move towards greater fiscal union, says ECB's Gonzalez-Paramo. Despite the crisis, the ECB's policy transmission mechanism isn't broken, he adds.

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Smooth monetary union requires fiscal union: ECB

Wednesday, May 30, 2012 - 06:10