ECB's Papademos on the role of structural reforms

In a speech on 'Determinants of growth and the role of structural reforms and macroeconomic policies in Europe' given on 9 December, Lucas Papademos of the ECB said current low interest rates are conducive to economic growth in the euro zone.

"The present level of short-term interest rates and long-term bond yields -- the lowest since the Second World War -- are clearly providing favourable financial conditions and lending support to economic activity," Papadomos said at a Lisbon Council lecture

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