[30 May 13] EU Commission softens demands for austerity - English

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Presstv Press TV News channel channels Press TV 30 May 2013 EU Commission softens demands for austerity

The current spell of miserable weather in the European Union\'s de facto Capital, Brussels, reflects the mood of many EU citizens who have fallen victim to the economic crisis. As the OECD cut its growth forecasts for the Eurozone and urged the European Central Bank to do more, the European Commission was setting out specific economic recommendations for member states. France, Spain, the Netherlands, Slovenia, Poland and Portugal are being given more time to implement painful economic cuts and raise taxes. The Commission, though, has warned the countries to use their extra time wisely or face possible sanctions for not complying. Jerome Hughes, Press TV, Brussels

Added by PTV on 31-05-2013
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