Now is best time for reforms, many G7 participants say-source

Thu May 28, 2015 11:17am EDT
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DRESDEN, Germany May 28 (Reuters) - Many of the finance chiefs from the Group of Seven countries agreed on Thursday that now was the best time to implement structural reforms, a German G7 delegation source said.

"Everyone said that high debt, whether it be of governments, companies or private households, can burden growth and debt-financed growth is no alternative to structural reforms," the source said. (Reporting by Michelle Martin and Paul Carrel)