"The aim of our efforts is to achieve a comprehensive and long-term settlement which would restore international confidence in the peaceful nature of Iran's nuclear program, while respecting Iran's legitimate rights to the peaceful use of atomic energy."
VOA: standard.2010.06.09
The expansionary monetary policies pursued by Japan as well as the U.S. and European nations have thus far not been accompanied by fiscal reforms required to halt deficits and the accumulation of debt, or the fundamental structural reforms required in labor and capital markets to restore long term economic growth.
The success of the ECB in taming the markets has also raised concerns that Madrid may now ease off on the spending cuts and labour market reforms that are still thought to be necessary to restore long-term economic health.