Monetary Policy Role in EU Debt Crisis Limited: Zoellick
July 30, 2012
Quoted: Robert Zoellick, Belfer Center senior fellow
Topic: Europe’s debt crisis
“As markets eagerly await a decision from the European Central Bank (ECB), which holds its policy meeting on Thursday, Robert Zoellick, former president of the World Bank, warned that monetary easing will do little to solve the region’s debt crisis.
‘Monetary policy fundamentally buys time. It doesn’t deal with the fundamentals,’ Zoellick told CNBC in Singapore on Monday.”