ECB's Bini Smaghi says Spain must make long-term changes

05/10/2010 | Reuters

Lorenzo Bini Smaghi, a member of the European Central Bank Executive Board, said Spain needs to implement tougher reform measures to bolster growth. "Measures taken so far can cover up some holes, but to grow you have to make long-term reforms, even if they are more difficult and costly," he said.

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