In a speech on 'Changing fortunes: financing world growth' given on 5 September Wim Duisenberg of the European Central Bank said he is convinced that economic activity in the euro area can only be lifted to a new, structurally higher, level by far-reaching and progressive structural reforms. Duisenberg said he was pleased to observe that some countries in the euro area have already realised that the only solution to addressing the current economic slowdown lies in structural reforms to