Europe must balance austerity with growth: EU's Rehn
Europe needs to balance cutting its debt with measures to stimulate growth, the region's top economics official said on Saturday, as austerity threatens to drag the bloc into its second recession in three years. During the financial crisis, the message from Brussels has been that struggling euro zone countries must cut their budget deficits and carry out structural reforms to increase competitiveness. However, with unemployment at record highs and some peripheral countries already deep in recession, Europe must turn its attention to ways to stimulate economic growth to lessen the blow of austerity measures, Olli Rehn, Europe's ... (full story)
- No need for growth. Just LTRO 3,4,5,6 and more cutbacks. Austerity and more money equals great future for everyone.
- This man simply blows with the wind, now its austerity AND growth but when it was Merkozy in charge it was AUSTERITY. He can see Dutch will be the next Le President and he is making nice already. And the next words out of his mouth will be Greexe should leave the EU to help them recover when Greece forms a weak alliance in its new Governement. Olli Rehn is a fully paid up Euroliar.
- Posted: May 5, 2012 2:29pm
- Submitted by:Category: Low Impact Breaking NewsComments: 2 / Views: 1,365