“Strike while the iron is hot:” Almunia

Reiterates stronger Euro not hurting exports, Eurozone economy

Eurozone governments should use their strong current economic performance to put their finances in order, the European Commission said May 3. “Policy-makers must strike while the iron is hot,” said Joaquin Almunia, the European Union’s monetary affairs commissioner. Almunia said the 13 Eurozone governments must put their public finances on a firmer footing, implement reforms that will increase the Euro-area’s growth potential and show “leadership on global issues.” The commission - the EU’s fina...

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