3 Jan 2014
EU's Rehn and Reding optimistic about EU recovery in 2014
FXstreet.com (Łódź) - European Commissioner for Economic and Monetary Affairs Olli Rehn and European Commissioner for Justice Viviane Reding said in an interview for the German newspaper Handelsblatt that the recovery in the EU should accelerate this year if national governments continue implementing the necessary reforms.
Recent European employment data has been showing an improvement, especially evident in such crisis stricken countries such as Portugal or Ireland, the commissioners pointed out in their joint declaration. They attributed the advances to the austerity efforts made so far by the Europeans, but warned that there was still a lot to be done.
Rehn and Reding emphasized that the EU Member States should continue implementing structural reforms. They also pointed out that that “Europe needs a well-functioning banking system in order to encourage investment and to finance the necessary structural change." Furthermore they called for establishing “solid frame rules for a European economic and financial policy.”
Recent European employment data has been showing an improvement, especially evident in such crisis stricken countries such as Portugal or Ireland, the commissioners pointed out in their joint declaration. They attributed the advances to the austerity efforts made so far by the Europeans, but warned that there was still a lot to be done.
Rehn and Reding emphasized that the EU Member States should continue implementing structural reforms. They also pointed out that that “Europe needs a well-functioning banking system in order to encourage investment and to finance the necessary structural change." Furthermore they called for establishing “solid frame rules for a European economic and financial policy.”