European Central Bank Vice President Vitor Constancio comments on monetary policy and the euro-area’s sovereign-debt crisis. He spoke at a press conference in Frankfurt today after the ECB cut interest rates to a record-low 0.75 percent from 1 percent.
“The conclusions of the review was that the program was still on track. The conclusion was positive. We have to wait and see how the economy will perform in the near future. Certainly all conditions are there for the compliance with the program.”