Saturday, August 17, 2013

The crisis will be over?

European Union Economic and Monetary Affairs Commissioner Olli Rehn --

"Today's [GDp] figures, when combined with other recent positive survey data are encouraging and suggest the European economy is gradually gaining momentum. They support the European Commission’s 2013 spring forecast and its projections for a subdued, mild recovery in the second half of 2013. The data also supports, in my view, the fundamentals of our crisis response: a policy mix where building a stability culture and pursuing structural reforms supportive of growth and jobs go hand in hand. This slightly more positive data is welcome - but there is no room for any complacency. Self-congratulatory statements suggesting "the crisis is over" are not for today.

So in consecutive sentences he praises policies he has advocated but just does not want to publicly claim they have worked, yet.