EU `should accelerate reforms' Europe should try to limit the damage inflicted by the global financial crisis on its economy by accelerating structural reforms and the introduction of low-carbon technologies, the European Commission said on Tuesday. In a speech in Brussels, Joaquín Almunia, the European Union's monetary affairs commissioner, also said EU governments must work together to prevent protectionism and economic nationalism from turning the downturn into a more profound problem. (...) Mr Almunia recommended that the EU should combat the recession by making a priority of implementing its services directive, which aims to stimulate employment and growth by breaking down barriers to cross-border trade in service industries.
Europe should try to limit the damage inflicted by the global financial crisis on its economy by accelerating structural reforms and the introduction of low-carbon technologies, the European Commission said on Tuesday.
In a speech in Brussels, Joaquín Almunia, the European Union's monetary affairs commissioner, also said EU governments must work together to prevent protectionism and economic nationalism from turning the downturn into a more profound problem.
(...)
Mr Almunia recommended that the EU should combat the recession by making a priority of implementing its services directive, which aims to stimulate employment and growth by breaking down barriers to cross-border trade in service industries.
I suppose we should be happy that at least investment in clean energy and energy efficiency is seen as part of the solution. In the long run, we're all dead. John Maynard Keynes
