World economy is recovering, but the growth is expected to remain uneven, European Central Bank governing council member Erkki Liikanen said today.
"The world economy is now recovering from the deep recession that followed the crisis that befell the financial markets at the end of 2008. Economic development has, however, been uneven," Mr Liikanen said, adding the growth is expected to continue unevenly.
Mr Liikanen called for structural reforms in countries which indebtness has increased rapidly.
"Expansionary measures have increased public deficits in, for example, some euro area countries extremely rapidly," Liikanen said in a summary of a speech to be delivered in Helsinki.
"These debts only serve to exacerbate future funding pressures. It is possible to survive these debt burdens only under conditions of adequate growth, but structural reforms will also be imperative," he said.
Reuters