For example you have on one hand matured economies like Germany and on the other hand Romania and Bulgaria that need to invest heavily to improve their infrastructure. Is it “fair” to ask for both to obey the same fiscal deficit rules? Trichet: No, I don’t think that there are major differences between countries from that standpoint.
Sound fiscal policies are a necessary condition for sustainable medium and long term growth and job creation. A solid anchoring of fiscal soundness is also essential for the prosperity of future generations, our children and grandchildren.