Nirmala Menon at WSJ quotes Mark Carney, incoming governor of the Bank of England:
Mr. Carney, currently Canada’s top central banker, said Europe can draw lessons from Japan on the dangers of taking half measures……..“Deep challenges persist in its financial system. Without sustained and significant reforms, a decade of stagnation threatens,” Mr. Carney said in his final public address as governor of the Bank of Canada.
Read more at Carney Warns Europe Faces Decade of Stagnation Without Key Reforms – Real Time Economics – WSJ.