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Europe Daily Bulletin No. 8988

12 July 2005
GENERAL NEWS / (eu) eu/eurogroup
Divergences in Euro zone growth demand economic reforms in Member States, according to Commission

Brussels, 11/07/2005 (Agence Europe) - Finance ministers from the EU12 examined a Commission report on Monday evening. The report points out that growth differences in the Euro zone were not any sharper than in previous cycles, nor more unusual compared to other monetary unions and persistent despite an alignment of the economic cycles. Growth differences can also be explained by structural factors which constitute a “worrying trend” likely to persist, notes the document sent to...

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