Bloomberg News

Stark Says Those ‘Advising’ Europe Should Get Own House in Order

October 12, 2011

Oct. 12 (Bloomberg) -- European Central Bank Executive Board member Juergen Stark said those giving advice to Europe on how to solve the debt crisis “should get their own house in order” first.

“We get a lot of advice, in particular from the other side of the Atlantic,” Stark said during a speech in Riga today. “All those who give advice to the Europeans should get their own house in order. Only then is it justified.”

Europe is “not to be compared with a fully fledged federation and it takes more time to come to decisions,” Stark said. “This is not necessarily a weakness.”

To contact the reporter on this story: Jeff Black in Riga at jblack25@bloomberg.net

To contact the editor responsible for this story: Jeff Black at jblack25@bloomberg.net


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