Europe debt crisis plan hinges on economic growth spotlight image

Europe debt crisis plan hinges on economic growth

Press quote (Los Angeles Times)
28 October 2011

They're right to be talking about growth, because unless they get the economy going and arrest this slide into a slump, there's no chance of getting public finances across the union under control," added Simon Tilford, chief economist at the CER. But "it's not so far showing up in terms of a change in strategy."The world's richest trading bloc, the EU, is now asking poorer countries to help ease its pain. "It smacks of desperation," Tilford said.