Hollande calls for ECB growth mandate

François Hollande, the opposition Socialist challenger for the French Presidency, said on the 18 March 2012 that the mandate of the European Central Bank should be changed to give it a role in stimulating economic growth.

In a speech in which he also detailed his demands for a renegotiation of the new European fiscal discipline treaty to include growth measures, Mr Hollande added that the European Stability Mechanism, the eurozone’s €500bn rescue fund due to come into force in July 2012, should be allowed access to ECB funds to boost its firepower.

ESO: Background information: French presidential election, 2012 http://www.europeansources.info/record/french-presidential-election-2012/

ESO: Background information: Hollande demands change to fiscal treaty http://www.europeansources.info/record/hollande-demands-change-to-fiscal-treaty/

ESO: Background information: François Hollande: Towards a European 'New Deal'? http://www.europeansources.info/record/francois-hollande-towards-a-european-new-deal/

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