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Draghi Says Governments Must Reform as ECB Creates Opportunity

ECB president speaks in Madrid on Europe’s weak productivity
Says low interest rates support rather than hinder reforms

By

Alessandro Speciale and

November 30, 2016, 1:27 PM UTC

Mario Draghi renewed his call for euro-area governments not to miss the “window of opportunity” provided by low interest rates to make economic adjustments.

“Monetary policy is providing support and space for governments to carry out necessary structural reforms,” the European Central Bank president said in a speech on Wednesday in Madrid. “It is up to euro-area governments to act, individually at national level as well as jointly at European level.”