Eurozone reforms could help ECB reverse policy: German deputy finance minister

BERLIN (Reuters) - Euro zone countries have failed to use the low interest rate environment created by the European Central Bank's expansionary policy to reform their economies and consolidate their budgets, German Deputy Finance Minister Michael Meister said on Thursday.

"Politicians should focus on solving fundamental problems - competitiveness of national economies and the consolidation of public budgets," he said at a business conference in Berlin.

"If we achieve this, then the need for low interest rates is eliminated and the central bank is in a position to pursue a different monetary policy," he added.

(Reporting by Joseph Nasr; Editing by Paul Carrel)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Exclusive-Trump visa policies weigh on Columbia journalism program as admissions pause
• Disney licenses lineup of movies, TV shows to Netflix including 'Ice Age,' 'Will Trent'
• Man accused of ex-minister murder charged with preparing terrorist acts against Reform UK's Nigel Farage