4 See also ECB, Article - Looking back at OTC derivative reforms – objectives, progress and gaps, 20 December  2016, Economic Bulletin Issue 8, 2016. 5 See, for instance, Final Report, Review of the Regulatory and Implementing Technical Standards on reporting  under Article 9 of EMIR, ESMA, November 2015. 5/5  BIS central bankers' speeches
But on the other hand, we have an economy that is not sufficiently flexible. We have to embark on bold, structural reforms and be very much active on that if we want again growth and prosperity. In terms of structural reforms, is this an urgent need for Portugal?