Europe needs to stick to reform path to secure growth: ECB's Mersch

European policymakers should not give up on efforts to make their economies more efficient and stick to budget rules, despite a strong protest vote in European Parliament elections, the ECB's Yves Mersch said on Saturday. With far-right, anti-EU parties sweeping to unprecedented victories in France, Britain and Denmark and populists gaining ground elsewhere, political leaders face tough questions about the future direction of European integration. Mersch, a member of the European Central Bank's Executive Board, said it was essential to move ahead with structural reforms now, to finish what was started in 1999 and make the euro zone work.

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