Sunday, September 14, 2014

De Guindos’autocrítica’ calls the EU to stagnation … – Faro de Vigo

De Guindos'autocrítica' calls the EU to stagnation … – Faro de Vigo

The Economy Minister Luis de Guindos, launched yesterday called the “self-criticism” in the economic policy of the EU because growth is “very small” and decided to accelerate structural reforms and implement the plan investments announced by the new EC President, Jean-Claude Juncker, who will emphasize private investment. The meeting of ministers of economy and finance (Ecofin) Juncker urged to expedite the program, some delegations welcome with skepticism. Some of its small amount, others because he questioned their effectiveness, and some, they said in private, as they do not pass the paper, as earlier announcements of projects.

“Self-criticism is always good,” said De Guindos. “In Europe, the euro area, there is a situation of very low economic growth that I think should make us all think” he said. “This does not mean that every last strategy has been wrong. Which means we have to improve and we have to put the foundations for the economic policy strategy to focus on future economic growth and job creation “noted De Guindos.

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