Economic recovery in Europe is on track – Germany’s Spahn

FXStreet (Mumbai) - Germany’s deputy finance minister Spahn, while speaking to Bloomberg, assured markets that he economic recovery in Europe is on track and there is no room for rest on reform.

Key Quotes

“EU still faces structural barriers to growth. Europe needs to continue its reform strategy. Loosening deficit cuts wouldn't help euro member states. More debt is part of the problem, not the solution.”

“Sharing risks means sharing sovereignty. Common euro deposit insurance is inconceivable right now Common. EU rules must be mutually respected and enforced.”