FRANKFURT (Reuters) - The European Central Bank has come close to trespassing into fiscal policy with some of its bond-buying programs since the start of the financial crisis but it has put safeguards in place to ensure it doesn't cross that line, ECB board member Benoit Coeure said on Thursday.
"Down this journey we’ve been sometime venturing close, even very close to the line between monetary and fiscal policy," Coeure said at an academic event in Frankfurt. "We were mindful of it and we’ve designed... safeguards to make sure we don’t cross that line."