ECB's Trichet on euro area structural reforms

In the speech 'Growth performance, labour productivity and structural reforms in the euro area' given on 20 January Jean-Claude Trichet of the ECB said that when looking at the necessary structural reforms in Europe the key word is "flexibility".

"We are now leaving in a global economy called to change extremely rapidly under three largely unprecedented phenomena. First the remarkable pace of present progress in science and technology, and not only in ICT technologies but on a very large front

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