Economics
Juncker Warns Euro Area Against Complacency on Economy
- Recovery `still fragile,' European Commission president says
- Dijsselbloem says rebound needs to become `self-sustained'
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European Commission President Jean-Claude Juncker warned euro-area governments against relying too much on loose monetary policy for economic growth, saying they must quickly strengthen public finances and bolster investment to emerge from the debt crisis.
“Our economic recovery is still fragile,” Juncker told the European Parliament on Tuesday in Strasbourg, France. “From my perspective, the crisis is not over and there should be no complacency. Even if we are helped by the action of the European Central Bank, we have only a short window of opportunity to press ahead with our agenda for reforms.”