Euro Zone / Rehn promises less austerity

The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli Rehn has said.

Mr Rehn’s comments are being viewed by some as an admission that fiscal adjustments linked to the troika programmes in Europe are having a greater-than-expected impact on growth.

Chosen excerpts by Job Market Monitor

via Rehn promises less austerity as economic outlook worsens – European Economic News | EU Budgets, Trends & Spending | Irish Tim – Fri, Apr 19, 2013.