• News Feeds
Page last updated at 09:20 GMT, Tuesday, 24 July 2012 10:20 UK

ECB 'should intervene in Eurozone'


The European Central Bank should use its mandate on inflation to intervene in the Eurozone, according to Jim O'Neill, chairman of Goldman Sachs asset management. Speaking on the programme, Mr O'Neill said that this approach was the only alternative to continuing austerity.

Andreu Mas-Colell, who is the economics minister for Spain's autonomous region of Catalonia, said that Madrid would have to bail out a number of Spanish regions which are currently unable to cover wages or debt payments.

He told Today presenter Evan Davis that current austerity measures within the Eurozone area were "killing the patient."

The Moody's credit-rating agency has downgraded the economic prospects of a number of Eurzone economies including Germany and the Netherlands.

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific