Stark Says ECB Will Continue Exit After Year End

European Central Bank Executive Board member Juergen Stark said the bank will continue its exit from emergency measures after the end of the year, as European Union leaders struggle to cope with a renewed fiscal crisis across the euro region’s periphery.

“The phasing out of our liquidity support measures will continue after the end of the current quarter,” Stark in a speech in Frankfurt today. “In my view, conditions in both money and financial markets have improved significantly over recent months, notwithstanding the most recent tensions in some segments of the European sovereign debt market.”