EU Public Debt: Not Out of the Woods Yet
Olli Rehn, Le Monde (in French) l June 8, 2010
Europe needs sustainable productivity growth and above all job creation in order to leave the public debt crisis behind it. ++ A reduction of public debt levels is absolutely imperative. ++ "While it is true that appeals for fiscal austerity do not reinforced the popularity of decision makers, one should not underestimate the instinctive wisdom of the citizen." ++ Only if structural reforms are rigoriously implemented will Europe attain more than 2% growth during the next decade and succeed in creating 10 million additional jobs.
Tags: | EU economy |
public debt |
