Sponsored Links
Thursday, European Union finance ministers held a meeting in the Swedish port city of Gothenburg to discuss exit strategy of ending fiscal stimulus and financial supervision.
"We have to prepare exit strategies, of course, and we shall see if these strategies can be implemented then in 2011," Bloomberg quoted Luxembourg Treasury Minister Jean-Claude Juncker as saying. "We shall see whether this situation becomes more stable by then."
Juncker, who chaired that meeting said countries in the euro area are discussing ways to boost coordination among their economies.
Swedish Finance Minister Anders Borg said, "It's clear we have to keep economic policy very expansionary in the coming period to really be sure of establishing a recovery." He also said this is the time to start designing and communicating exit strategies adding that there are clear signs of stabilization in Europe.
Spanish Finance Minister Elena Salgado said 2011 would be appropriate to withdraw stimulus. "Perhaps 2011 would be an appropriate year, but we have to wait a bit because from now the recovery is not here," she said. "We should start recovering in 2010, perhaps in the second part of the year." Ahead of the meeting, Austrian finance minister Josef Proell said Austrian banks are healthy enough. "We are more optimistic than before. We see from the balance sheet of the banks that they are much better than we expected some months ago," said Proell.
0 komentar:
Post a Comment