European Central Bank President
Mario Draghi on Friday called for greater common governance of
eurozone structural reforms, saying this would enhance the
benefits for all involved.
"Simulations show that if reforms are also well
coordinated across the euro area, the short-term benefits for a
medium-sized country can be further maximised, especially in
terms of limiting the downward effects on inflation," Draghi
said in a speech in Sintra, Portugal.
"This reinforces what I have said about the need for
stronger common governance of structural reforms in the euro
area: if all countries reform together, then all countries
benefit more".
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