Draghi outlines structural reforms to boost EU productivity
Human capital, well-functioning markets and restraints on services should be priorities, Draghi says
Structural reforms in the European Union should concentrate on three key challenges to increase productivity, Mario Draghi said today (June 9).
"Monetary policy does not exist in a vacuum," the president of the European Central Bank (ECB) told an audience in Brussels. "A more flexible, more responsive economy is likely to transmit monetary policy impulses faster."
Structural reforms would also create higher potential growth, leading to higher investment and hence a higher equilibrium real rate
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