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Euro calm must not cost price stability: German economy minister
January 17, 2013 / 8:30 AM / in 5 years

Euro calm must not cost price stability: German economy minister

BERLIN (Reuters) - Measures to combat the euro zone crisis must not come at the cost of price stability, German Economy Minister Philipp Roesler said on Thursday, a day after he urged the European Central Bank to return to its core mandate as soon as possible.

German Chancellor Angela Merkel (C) and Economy Minister Philipp Roesler (R) chat with President of German Bundesbank Jens Weidmann before the weekly cabinet meeting in Berlin January 16, 2013. REUTERS/Tobias Schwarz

“There is a price we are not willing to pay - the cost of price stability,” Roesler told the Bundestag lower house of parliament, also adding that the ECB must remain independent.

On Wednesday, he said that the ECB must return to its normal mode of monetary policy as quickly as possible after extraordinary measures to tackle the euro zone crisis.

Reporting by Madeline Chambers and Sarah Marsh

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