Sunday, March 03, 2013 9:39 am
French minister: ECB must do more for jobless
The Associated Press
Industrial Recovery Minister Arnaud Montebourg's comments go against a custom that politicians not meddle in the ECB's work.
Montebourg told Europe 1 radio Sunday: "It's not dealing with growth. It's not taking care of the unemployed. It's not taking care of the European people. And it has a duty to do so."
He called on ECB President Mario Draghi to buy the debt of European countries. The ECB has a program to do just that - but countries must first agree to reforms.
Montebourg also said the bank's policies are not doing anything to weaken the euro, which is hurting exports.
"What I am asking (Draghi) is to give us the weapons to fight unfair offshoring," he said.