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BRUSSELS (Thomson Financial) - European Central Bank president Jean-Claude Trichet said recent economic developments in the euro zone are "very encouraging" but warned that the bloc has no scope for complacency.
The euro zone has to implement further structural reforms if it is to reap the benefits of its single currency and to build on the current economic recovery, Trichet said in a speech here.
Such reforms would help the upturn broaden and become more durable, he said, singling out the labour market as in particular need of an overhaul.
BRUSSELS (Thomson Financial) - European Central Bank president Jean-Claude Trichet said recent economic developments in the euro zone are "very encouraging" but warned that the bloc has no scope for complacency.
The euro zone has to implement further structural reforms if it is to reap the benefits of its single currency and to build on the current economic recovery, Trichet said in a speech here.
Such reforms would help the upturn broaden and become more durable, he said, singling out the labour market as in particular need of an overhaul.
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