Ex-ECB Member Bini Smaghi Says Fixing Greece May Take 10 Years

Greece’s structural problems may take up to 10 years to fix and the country may need assistance from the World Bank to make needed adjustments, former European Central Bank Executive Board Member Lorenzo Bini Smaghi said.

“I think what needs to be done is to have a longer term perspective,” Bini Smaghi said in an interview with Dublin-based RTE. “Greece will not be solved in one or two years, it will take maybe 10 years.”