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"Advantages and Benefits of the Euro - Time for Assessment" Conference: extracts from the press conference by Joaquín Almunia
At a press conference on 15 April 2008 in Brussels, Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, said that the Eurozone was suffering a slowdown, but that this should be less pronounced than in the United States. He told journalists thtat he would publish new forecast on 28 April, that he could not anticipate the figure (of growth) but that it would be lower than the one he presented in November 2007. Commenting on Silvio Berlusconi's Italian election victory, Joaquín Almunia said that the next government would have clear parliamentary support which would facilitate pursuing the reforms which are needed. He called on the incoming Italian government to continue this consolidation and build on these positive results of 2007 so as to achieve a balanced position for Italian public finances. He added that he had no doubt that the abrogation of the excessive deficit procedure against Italy would be adopted. PHOTOSHOTLIST