Economics

Euro Leaders Need to Step Up Austerity, Finland’s PM Says

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European policy makers can’t rely on the central bank to manage the region’s crisis and must now follow with measures to cut debt and restore economic confidence, Finland’s Prime Minister Jyrki Katainen said.

“Crisis management can’t be outsourced to the central bank,” Katainen said in an interview in Saariselkae, Finland. “Member states have a couple of years to take austerity measures to restore and strengthen credibility for when the operations end.”