Moscovici: Refugee crisis could boost EU growth

29 February 2016
216 Views

The refugee crisis could boost the EU’s anemic growth by forcing governments to increase public expenditure, European Economic and Financial Affairs Commissioner Pierre Moscovici has said.

“This is a very emotional crisis and it is a political challenge of high importance, but if I look at the economics and just the economics, I’m persuaded that this can be an opportunity capable of driving 0.2 to 0.3 percent additional growth,” Moscovici said in an interview with CNBC over the weekend.

“Why? Due to the fact that we, especially Germany, have to address the welcoming and the integration of those who are moving away from regimes threatening their lives,” Moscovici said.

The eurozone’s combined government deficit is projected to drop to 1.9 percent of gross domestic product (GDP) this year, from an estimated 2.2 percent in 2015.

You may be interested

Regling: “We are ready to ease the Greek debt”
FINANCE
shares43 views
FINANCE
shares43 views

Regling: “We are ready to ease the Greek debt”

makis - Feb 23, 2018

Technical work has begun to determine whether Greece will need a debt relief after an expected exit from the rescue…

Turkey threatens violence against Italian drill ship anew in Cyprus!
GREECE
shares53 views
GREECE
shares53 views

Turkey threatens violence against Italian drill ship anew in Cyprus!

makis - Feb 23, 2018

Turkey continued its belligerent stance off the coast of Cyprus on Friday, as it openly threatened violence against the Italian…

Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelines
POLITICS
shares47 views
POLITICS
shares47 views

Greek PM Tsipras met with German Chancellor Merkel on EU Summit sidelines

makis - Feb 23, 2018

Greek PM Alexis Tsipras met with German Chancellor Angela Merkel on the sidelines of the Brussels EU Summit, Thursday. According…

Leave a Comment

Your email address will not be published.