Moscovici: Refugee crisis could boost EU growth

29 February 2016
51 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

African heatwave to hit Greece from Thursday
GREECE
shares33 views
GREECE
shares33 views

African heatwave to hit Greece from Thursday

Panos - Jun 26, 2017

Greece is bracing itself for an African heatwave starting from Thursday, when temperatures are expected to reach over 42-43 degrees…

Bloomberg: Can an Ancient Greek Win America’s Wars?
DEFENCE
shares36 views
DEFENCE
shares36 views

Bloomberg: Can an Ancient Greek Win America’s Wars?

Panos - Jun 26, 2017

It’s been a scorching week in Washington, what with daily revelations about Russian hacking, the Senate stumbling its way to…

Moscovici: Agreement is good, but a few more measures are needed…”
FINANCE
shares42 views
FINANCE
shares42 views

Moscovici: Agreement is good, but a few more measures are needed…”

Panos - Jun 26, 2017

In an interview to Thema newspaper, the European Commissioner for Economic and Financial Affairs Pierre Moscovici said there were still…

Leave a Comment

Your email address will not be published.