EU in urgent need of structural reforms, Barroso s

 
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PostWysłany: Pon 9:03, 24 Sty 2011    Temat postu: EU in urgent need of structural reforms, Barroso s

EU in urgent need of structural reforms, Barroso says
European Commission President Jose Manuel Barroso said Saturday Europe could no longer postpone fiscal consolidation and structural reforms in order to return to growth after the economic crisis.In a video speech at the yearly Italcementi conference on economic perspectives organized in Bergamo,[link widoczny dla zalogowanych], a city northeast of Milan,[link widoczny dla zalogowanych], Barroso stressed that coordinating policies was indispensable in order to respond to economic challenges.
"Europe can no longer postpone the consolidation of public finances,[link widoczny dla zalogowanych], the reform of the financial sector and the rapid introduction of urgent structural reforms and measures to support growth,[link widoczny dla zalogowanych]," Barroso said, according to Italian news agency ANSA.
"During the crisis,[link widoczny dla zalogowanych], we have no doubt learnt the lesson that ties between economies and member states are indissoluble, warts and all,[link widoczny dla zalogowanych]," he said, adding that achieving a state of strict fiscal consolidation and stability in the EU financial system were crucial steps for proper operation.
"Coordination of this kind is essential: we must increase the economic governance within the eurozone and Europe-wide,[link widoczny dla zalogowanych]," Barroso said.According to the president,[link widoczny dla zalogowanych], the recovery has already begun,[link widoczny dla zalogowanych], but it is too slow and not sufficiently widespread.
"Do not forget that the crisis has destroyed millions of jobs: Europe cannot run the risk of a return to growth in the absence of employment growth. Governments must act boldly by initiating reforms that make investment more attractive, easing taxes on labor and reforming pension systems," he said.
Nearly one thousand Yemeni protesters gathered Saturday inside and outside Sanaa University in the capital to call for a "Jasmine revolution" against their president who has been in power for 32 years.The demonstrators, including students and opposition activists,[link widoczny dla zalogowanych], chanted slogans,[link widoczny dla zalogowanych], demanding the ouster of President Ali Abdullah Saleh.The growing popular protests have taken place in major Yemeni cities for seven days since the Tunisians overthrew their president Zine El Abidine Ben Ali."Oh Ali,[link widoczny dla zalogowanych], join your friend Ben Ali,[link widoczny dla zalogowanych]," the crowds chanted.
One of the protesters,[link widoczny dla zalogowanych], Shajie Muhsin, told Xinhua that "after Tunisia,[link widoczny dla zalogowanych], the second Jasmine revolution will take place in Yemen."Another demonstrator said,[link widoczny dla zalogowanych], "we will make the revolution,[link widoczny dla zalogowanych], we will make it."The police managed to disperse the protesters without any clash.Earlier, official Saba news agency reported that Yemeni President Ali Abdullah Saleh named a new minister on Saturday in a partial reshuffle.
President Saleh replaced Minister of Industry and Trade Yahya al-Mutawakil with Deputy Minister of Planning and International Cooperation Hisham Sharaf Abdullah, according to a republican decree.Besides protest against proposed constitutional amendments that could make Saleh the country's president for life, the protesters also demand the government curb increasing commodity and fuel prices.
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