Such measures may well help to cover up unsound economic developments for somewhat longer, yet the underlying economic issues cannot be rectified in this way. On the contrary, an expansion of joint liability is therefore not the answer to the spectre of reform fatigue in Europe.
BIS central bankers’ speeches  11  The slower growth of wages over the past couple of years has been a helpful part of the process of adjusting to the downturn in commodity prices and mining investment.