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EU likely to call for more austerity in its Spring economic forecast

The European Commission will publish its spring economic forecast today - with the outlook predic...
Newstalk
Newstalk

06.42 3 May 2013


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EU likely to call for more aus...

EU likely to call for more austerity in its Spring economic forecast

Newstalk
Newstalk

06.42 3 May 2013


Share this article


The European Commission will publish its spring economic forecast today - with the outlook predicted to remain weak.

The figures will cover areas such as employment, inflation, debt and deficit - and will feed into individual recommendations for all 27 EU countries.

Economist Jim Power says the ECB and Germany are likely to call for more austerity.

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He says Chancellor Merkel - who faces an election campaign at home - will continue to push for deficit reduction.

 


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