Structural reforms are needed not only for individual member states of the eurozone but for the area as a whole, as divergent economic growth and prices could lead to "tensions" that are harmful for monetary union, the European Commission has said in an economic report.
In its 2006 economic review paper focusing on the 12-strong euro area, published on Wednesday (22 November), the commission points out that several countries have still not managed to fully adapt to their participation i...
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