EU plans budget discipline measures

Press quote (The Wall Street Journal)
01 July 2010

Simon Tilford of the Centre for European Reform in London said the commission plan "assumes that all the imbalances can be addressed by the deficit countries." Germany must play a role too in stimulating its consumption, Mr Tilford said. "Any system of governing the eurozone that ignores the structural problems that we see in the surplus countries is doomed to fail... Nobody wants to weaken any countries' export performance," he said.