Vítor Constâncio: Introductory remarks at the fifth ECB conference on accounting, financial reporting and corporate governance for central banks Introductory remarks by Mr Vítor Constâncio, Vice-President of the European Central Bank, at the fifth ECB conference on accounting, financial reporting and corporate governance for central banks, Frankfurt am Main, 21 June 2016.
Many economists are arguing that the German government in particular should be doing more in terms of fiscal policy to support the economy. What is your view? Countries with high levels of government debt should concentrate on structural reforms. But large countries with sound finances can stimulate demand during a period of economic weakness through public spending or tax breaks.