CCTV.com - CNTV English - CCTV News

ECB to keep focus on price stability

12-15-2011 15:50 BJT

Watch Video

Play Video

As the market reacts to yet another EU summit that's failed to resolve the eurozone debt crisis, Germany's leaders and the European Central Bank are urging for stricter budget discipline and to forget about a one-shot solution.

German Chancellor Angela Merkel and the ECB's governing Council member Jens Weidmann seperately rebuffed pressure for the ECB to intervene decisively to stop the crisis escalating.

Merkel told parliament on Wednesday it would take years, not weeks, to overcome the debt problems but Europe will emerge stronger.

Weidmann made clear his opposition to ramping up purchases of troubled euro zone states' bond.

Weidmann, who also heads Deutsche Bundesbank, spoke during an event in Berlin commemorating 10 years of the euro, and noted that the ECB will not shift its focus on price stability, and that politicians should now concentrate on implementing the decisions taken at the recent EU summit.

 

 

Editor:Liu Fang |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program