Ireland’s Honohan pushes for greater cooperation

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Patrick Honohan, the governor of the Central Bank of Ireland, said on Thursday that euro-area countries must do more to exploit the tight cooperation that exists between member states.

"The tight cooperation which exists between euro-area countries, both at the level of macroeconomic policy coordination and in the stable anchor of a widely used common currency helps to provide both a discipline and a mechanism for peer review that can be very beneficial to avoiding complacency and other sources

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