BERLIN (Reuters) – The Group of 20's credibility is at risk because it has been primarily equipped to deal with crises and is less effective during normal times, European Central Bank board member Joerg Asmussen said on Friday. Asmussen said that the group of industrialized and industrializing nations needed to be strengthened through reforms to make it more transparent, effective and binding in fighting crises. “The G20's promising start has unfortunately been followed by more mixed results,” Asmussen said in a speech. “There is no viable or obvious alternative to the G20. .. …
Tag Archives: Joerg Asmussen
Asmussen says euro zone in better shape than 12 months ago
European Central Bank board member Joerg Asmussen said on Sunday the euro zone is in better shape than a year ago thanks to positive budget consolidation efforts in individual countries, the European Union‘s fiscal pact and ECB actions. …read more
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ECB's Asmussen warns against unilateral forex moves
European Central Bank Executive Board member Joerg Asmussen called for international cooperation to address the current debate about competitive currency devaluation, saying central banks are not the ones to solve structural problems.
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ECB's Asmussen Urges Euro Zone Stick to Reform
Euro-zone nations should not let up on reform measures despite easing market pressure, said Joerg Asmussen, executive board member of the European Central Bank, late Thursday.
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