ECB member hits out at governments

EUROZONE governments must take responsibility for restoring investor confidence in their public finances, according to European Central Bank governing council member Luc Coene.

“The action taken by the ECB has worked relatively well,” Coene said, adding that “for the rest, it is up to countries and governments to take the necessary measures”.

It has never been the central bank’s objective to “find a solution to the structural problems facing public finances”, he said.