ECB Governing Council member Peter Kazimir urged further structural change in the bloc. He warned, “I am worried that we won’t be able to enjoy significant economic growth before we deal with the fact that EU is lagging behind in technology and before we complete the European Monetary Union.”
Another Governing Council member Madis Müller said the upcoming policy review should consider whether the control over inflation has diminished. And, “maybe in this case we would not need to be as aggressive with our policies. We could be more flexible and not chase that goal at any price.”
