03/09/2007 (Agence Europe) - “It is very possible that there is lower credit growth, tougher financial conditions, or, to put it another way, less favourable (conditions) than those we have recently enjoyed,” said Economic and Monetary Affairs Commissioner Joaquin Almunia in an interview which appeared in the Spanish daily El Pais on 3 September. “There is no reason that financial turbulence … will put an end to a phase of economic recovery which is solidly based,” he added,...