Economy Will Take Long Time to Recover, ECB’s Kranjec Tells Delo
“The recovery will last a long time and as a warning we can take the long-lasting recession in Japan,” the Ljubljana- based newspaper quoted Kranjec as saying.
“With the standard of living and wages we have we cannot compete with less developed countries,” said Kranjec, who is also the Governor of Slovenia’s central bank. “I am, maybe because I belong to the older generation, a pessimist on the recovery.”
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