Europe Must Defend Rule of Law Standards, ECB’s Elderson Says

Europe can foster economic well-being and help increase the euro’s global role by adhering to and even strengthening rule of law standards, European Central Bank Executive Board member Frank Elderson said.

The European Union is “a beacon of legal certainty, strong institutions and the protection of fundamental rights,” he said Monday in a speech at the Italian Constitutional Court in Rome, emphasizing that the connection between this principle and a thriving economy is “well established.”