Eurozone hampered by lack of reform, not rates

Bank of France governor Christian Noyer said it is not the level of European Central Bank interest rates which is hampering eurozone growth, but rather it is the lack of structural reform.

'It is not monetary policy that is the problem. It is not in that area that we should dream that, by using some magic wand, we can have more growth,' he said on BFM radio.

'The real problem is how to carry out the reforms that are indispensable in the labour market and in the structure of our economy,' he s