Papademos on the ECB's Annual Report

In a speech given on 23 April Lucas Papademos of the ECB said with regard to structural reforms, euro area countries have become increasingly aware in recent years of the need to adjust to the challenges of increased global competition.

"Countries should make the best use of the current "good times" to make further progress on the path of economic reform, especially in view of the positive response of the supply side of the economy to the reforms implemented over the past few years. Employment

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