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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30796)	5/26/2005 11:58:37 AM
From: mishedlo	Read Replies (1) of 116555

EU's Almunia says higher growth possible in Europe if more confidence [which come first the confidence or the growth? Mish] Thursday, May 26, 2005 8:36:35 AM afxpress.com EU's Almunia says higher growth possible in Europe if more confidence UPDATE (Updates with comments on public finances) BRUSSELS (AFX) - EU economic and monetary affairs commissioner Joaquin Almunia said the European economy could grow more rapidly than it is currently, but it requires greater investor and consumer confidence "I think we can grow more in the current circumstances in the European Union," Almunia told the European Parliament "That of course requires increasing consumer and investor confidence, because I think the objective conditions are there. They are in place," Almunia said. He called on member states to maintain "sound public finances" Almunia said there is a consensus in Europe that improving the quality of public finances, maintaining budgetary discipline and implementing structural reforms are a prerequisite for boosting growth and jobs While structural reforms are difficult to undertake, the countries with the fastest growth are those which have implemented them, he said

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