Papademos sees increased European potential growth

Lucas Papademos, the vice president of the European Central Bank (ECB), says that some countries in the eurozone have recently seen productivity-driven increases in their potential growth rate.

Speaking at a conference in Delphi (see today's SPEECHES, REPORTS, RESEARCH section), Papademos said a number of countries in the single currency area had managed to raise their potential growth rates by means of structural reforms and corporate restructuring.

He said that there was evidence that in some