Bloomberg News

Italy on Track for Fiscal Consolidation, Christian Noyer Says

November 30, 2011

Nov. 30 (Bloomberg) -- Italy is on track for fiscal consolidation while programs in Ireland and Portugal are also on track, Bank of France Governor Christian Noyer said at a briefing in Singapore today.

The European Central Bank will do what is necessary to maintain price stability, he said, declining to comment the outlook for interest rates. Economic fundamentals in Europe remain good even as activity has slowed down, he said.

To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net


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