Back
20 Feb 2014
EU's Dijsselbloem sees economic situation improving in the Eurozone
FXStreet (Łódź) - Speaking in Brussels today Eurogroup head Joeren Dijsselbloem pointed to the strong signs of recovery in Ireland, which exited its bailout in December and the progress in Portugal's program, due to end in three months. He also expressed hope that the review of Greece's rescue plan would be wrapped up shortly.
Dijsselbloem who is also the Dutch Finance Minister, suggested that the growth outlook for the euro area was positive and that the average deficit should come in below 3% in 2014. He stated however that credit market fragmentation could be deepening and stressed the need for a single financial sector in the region.
The Eurogroup chief also signaled that the decision on whether Greece needs another bailout program will be made later today and that possibly it will be negative.
Dijsselbloem who is also the Dutch Finance Minister, suggested that the growth outlook for the euro area was positive and that the average deficit should come in below 3% in 2014. He stated however that credit market fragmentation could be deepening and stressed the need for a single financial sector in the region.
The Eurogroup chief also signaled that the decision on whether Greece needs another bailout program will be made later today and that possibly it will be negative.