Comments from ECB policymaker Francois Villeroy de Galhau are crossing the wires via Reuters-
- The euro area can ill afford to wait and see if France’s reforms bear fruit before deepening the bloc’s economic integration
- It would be a dangerous bet to wait for another two to three years to see all the results
- Then the present opportunity and momentum would have vanished, and we would run the risk of facing a (new) recession without having strengthened the euro area
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