ECB’s Villeroy: There can be no influence of fiscal policy on monetary policy

European Central Bank (ECB) Governing Council member Villeroy is on the wires now, providing the key quotes, via Reuters, found below.

• There can be no influence of fiscal policy on monetary policy.
• ‘Reasonably optimistic’ on banking union backstop.
• In this cyclical upturn, more public debt is not a cure it is a disease.