Ireland's Hurley warns on productivity decline

John Hurley, governor, Central Bank and Financial Services Authority of Ireland, said in a speech on Thursday 13 October that European governments must hasten reforms in order to reverse a fall in productivity growth.

"The failure of productivity levels to catch up with those in the US represents a crucial challenge for European policy makers," Hurley said in the speech to the Leinster Society of Chartered Accountants in Dublin.

Hurley said it was clear that many goals set out in the Lisbon Age