Portugal's Costa demands greater European co-ordination


The Bank of Portugal governor, Carlos da Silva Costa, has said the compliance of individual countries with adjustment programmes is not enough to boost the growth potential of the euro area, which requires further initiatives at the European level.

"The credibility of the ongoing adjustment programmes must be validated and sustained by the European context," he said, in an article published on January 9. A main concern, Costa said, is ensuring that national policies complement each other and are

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