Philip Lane: a roadmap for reform of the euro zone
More economic co-operation is required if monetary/financial union is to work
High mobility of capital and technology means prospects of economy are unclear
Opinion: In the short term there is a prospect of a spurt of growth but attention needs to be paid to sowing the seeds of long-term prosperity
There are too many downside risks to relax fiscal discipline now
If the opportunity to adjust is missed in electoral mid-term it is unlikely to be taken later
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