Joint press conference by José Manuel Barroso and Olli Rehn on "Seizing the moment to boost growth: 9th May message from the College": extracts
On 8 May 2012, José Manuel Barroso, President of the EC, and Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, gave a press conference entitled "Seizing the moment to boost growth" following the College's meeting held on that day.
The speakers outlined the importance to restore stability, reduce debt and deficits in order to build confidence and cut borrowing costs. José Manuel Barroso asked Member States to strengthen structural reforms, reducing taxes on labour to stimulate job creation.
José Manuel Barroso added that investments need to be boosted notably through the project bonds.
Regarding Greek elections, the speakers told they are waiting for Greek political forces to form a coalition government which will support reforms and the recovery of Greece. SHOTLIST