ECB Says Too-Slow Governments a Threat to Europe Revival
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European Central Bank policy makers said governments must accelerate plans to strengthen their economies or risk derailing the region’s recovery.
“Talking vaguely about structural reforms, but not doing them, is the worst of all worlds,” Executive Board member Benoit Coeure said today in Riga. “It creates uncertainty over the path of real interest rates, without in tandem raising expectations of future growth.”