(Il Sole 24 Ore Thomson Financial) – Madrid, Nov. 24 – The economies of the euro zone can register a sustained growth only if governments implement reforms of labor and financial markets to attract more ‘investment and boost productivity’. Cosi ‘Jens Weidmann, Bundesbank president and member of the Governing Council of the ECB, who spoke at a conference in Madrid said: “the biggest problem plaguing the eurozone today are the dark prospects for growth. While weak demand plays certainly a role and this and ‘the reason why’ our monetary policy and ‘more’ accommodating than ever, we need to address structural weaknesses to promote innovation and support the productivity ‘. ” Weidmann stressed the need for venture capital market more ‘lively and able to provide financing to innovative companies, a sector where Europe and’ lagging behind the US, and deplored the fragmentation of the information technology market, which prevents innovation and growth and thus the creation of jobs, and concluded that “if we want to emulate the productivity ‘American and reduce unemployment to acceptable levels we must modernize our labor market.”
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(RADIOCOR) 24-11-14 17:53:00 (0504) 3 NNNN
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