Swiss Nationwide Financial institution Chair Jordan spoke with Switzerland’s nationwide broadcaster, Schweizer Radio und Fernsehen (SRF, “Swiss Radio and Television”), saying that in lots of nations:
- financial progress is just too low
- productiveness is just too low
- the extent of debt is just too excessive
- and deficits are too massive
and that this isn’t sustainable. Jordan did not provide up particular options past saying that structural reforms to extend productiveness and increase progress are wanted. In the meantime, central banks want a special focus:
- “It is very important that at the same time monetary policy remains geared towards price stability, rather than monetary policy being needed to finance debt, otherwise it will not end well”
