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European Central Bank Executive Board member Benoit Coeure said on Thursday that economic recovery in Europe requires action both on the demand and supply sides and persistence with structural reforms. Coeure told Greek Skai TV in an interview “What we have been saying, what particularly the ECB President has been saying last week in Jackson Hall is that the European economy is at a point where action is needed both on the demand and the supply side. Action on the supply side is very important.

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