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Europe Daily Bulletin No. 10613

12 May 2012
ECONOMY - FINANCE / (ae) economy
Rehn says it's over-simplistic to say that austerity simply doesn't work

Brussels, 11/05/2012 (Agence Europe) - Euro Commissioner Olli Rehn set out on Friday 11 May the budget and macroeconomic policies recommended by the European Commission to strike the right balance between cuts in public spending and structural reforms and targeted growth-stimulus investment. He said it would be over-simplistic to say that austerity wasn't working in the current situation. Rehn was unveiling the European Commission's Spring Economic Forecasts, which expect the eurozone...

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