EU moves further from austerity to structural reforms

Note: This section contains information in English only.
Source: Reuters
The European Commission will say on Wednesday that austerity in the Eurozone should continue, however, it could be done at a slower pace than before. This comment will come as the EU reconsiders its policy focus and moves from fiscal consolidation to structural reforms. The Commission will give more time to decrease budget deficits with a condition of further labour-market reforms in order to boost competitiveness and employment.
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