Oli Rehn’s speech is well worth a read. Check it out!
via EUROPA – PRESS RELEASES – Press Release – Speech: Statement on Cyprus in the European Parliament.
Personally, I believe that because of Germany and the IMF, the terms of the Cyprus bailout were unnecessarily harsh. However, I was encouraged by this speech, especially the offer to help Cyprus back to growth.
For me, greater European focus on growth is overdue. As I have indicated many times on this blog, I still believe that Southern Europe needs a Marshall Plan to stimulate investment.
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