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Europe eases austerity push as crisis lingers in Europe
EU nations show signs of softening deficit-reduction measures three plus years into the debt crisis. Officials extend timelines for Ireland and Portugal to repay bailouts while urging growth, with Draghi and Merkel pushing growth alongside consolidation. Unemployment nears 12 percent as Spain and Greece run large deficits. Portugal faces multi-year recession and protests amid austerity.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
Europe
European Union
European Central Bank
Christian Schulz
Berenberg Bank
London
ECB
Greece
Ireland
Portugal
Spain
Italy
Brussels
Herman van Rompuy
European Council
France
European
Mario Draghi
International Monetary Fund
Ines Mendes
Lisbon
Mendes
Angela Merkel
EU Commission
Berenberg
Schulz
Eurozone
Mario Monti
Pierre Moscovici
Socialist Party
Cyprus