We still see high levels of both public and private debt - EC's Dombrovskis

Remarks by Vice-President of the European Commission Valdis Dombrovskis at the ECOFIN press conference.

Key quotes

• Our main message is that economic growth in Europe continues
• Our economic policy mix – investment, structural reforms and responsible fiscal policies – is working
• We acknowledged the progress made in correcting macro-economic imbalances
• However, progress is uneven across Member States
• We still see unemployment issues related to competitiveness and low productivity growth in several Member States
• As well as high levels of non-performing loans in some Member States