2012.05.03 15:08:28 Deutsche Bank Chief Says Europe Needs Growth Pact - TV

FRANKFURT -(Dow Jones)- Europe "absolutely" needs an economic growth pact, but should avoid more central bank liquidity injections, Deutsche Bank AG's (DBK.XE) chief executive said in a television interview. "Economic growth can also be supported by non-monetary measures such as structural reforms or market expansion," Josef Ackermann said, according to a written summary of the interview from television station Deutsches Anleger Fernsehen. Reform is "impossible without overhauling state finances," he said. The chief executive of Germany's biggest bank is concerned about the growing interdependence between countries and banks, according to the DAF summary. Liquidity injections fuel fears that asset bubbles may form, he said. Ackermann opposes the idea of allowing banks direct access to the euro-zone's permanent rescue fund, the European Stability Mechanism, according to the interview summary. TV web site: www.daf.fm -Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 (END) Dow Jones Newswires May 03, 2012 09:08 ET (13:08 GMT)