Trichet on the benefits of flexibility
In this speech given at the Institute of Economic Affairs in London on February 6, 2006, the president of the European Central Bank, Jean-Claude Trichet, outlined three main reasons why structural reforms across Europe need to speeded up.
First, reforms could elevate Europe's growth potential. "This calls, in particular, for a flexible economy capable of taking full advantage of scientific and technological developments and, particularly, of the IT revolution as regards productivity. We are
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