Bloomberg News

ECB’s Mersch Says ‘Crucial’ to Implement EU Summit Decisions

December 29, 2011

Dec. 29 (Bloomberg) -- European Central Bank council member Yves Mersch urged the euro region’s leaders to quickly implement the decisions taken at a summit earlier this month.

“At the European level the accord of Dec. 9 shows the urgency to consolidate the economic chapter of the economic and monetary union,” Mersch wrote in an outlook for 2012 published today on the website of the Luxembourg Central Bank, which he heads. “Its rapid and efficient implementation is crucial. Then it will be up to each country of the euro zone to adopt an adequate policy to keep in place budgetary discipline.”

--Editor: Matthew Brockett

To contact the reporters on this story: Gabi Thesing in London at; Stephanie Bodoni in Luxembourg at

To contact the editor responsible for this story: Craig Stirling at

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