Europe must balance stimulus, debt: Bank of Canada

Mon Apr 30, 2012 9:21am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

OTTAWA (Reuters) - European countries must find a balance between stimulus efforts and measures to curb deficits although it is important some countries give a strong signal as to the soundness of their fiscal position, Bank of Canada Deputy Governor Timothy Lane said on Monday.

"Of course some countries in Europe in particular don't really have the luxury of waiting for the appropriate moment (to address deficits) because they really need to give a strong signal as to the soundness of their fiscal position and that really puts them in a difficult position," he said after a speech.

(Reporting by Louise Egan; Writing by Jeffrey Hodgson; Editing by James Dalgleish)