16 May 2012 23:05 [Source: ICIS news]
LONDON (ICIS)--The leader of ?xml:namespace>
“We really need a growth strategy now, to help effectively complement consolidation efforts,” Michael Vassiliadis, the head of Germany's IG BCE, told a gathering of European industrial labour union leaders in
Such a strategy needs to focus on promoting investments and innovation, Vassiliadis said.
Vassiliadis also called on EU leaders to take steps to stop and reverse the de-industrialisation of southern
“I honestly cannot see how a rigid savings regime alone can help those hard-hit eurozone economies get out of the crisis”, Vassiliadis said.
Especially the situation in
Vassiliadis also pointed to
“These elections made clear that voters in
In related news, the European Commission said this week that EU GDP stagnated in the first quarter of 2012, showing no growth compared with the 2011 fourth quarter when GDP shrank 0.3%.
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