Much more controversial are proposals to restrict either the permissible activities of banks – which are intended to separate commercial banking from investment banking – and to limit the size of banks to prevent them from becoming “too big to fail”.
Better than average economic performance is what’s needed during a global slowdown, and that’s what we are seeing. It’s also very important not to make mistakes during an economic slowdown. Would repealing the labour reform be such a mistake? As ECB Vice-President it’s not my place to comment on a specific economic policy in an individual country.