Article - Alternatives to austerity would be even more painful, warns ESM chief Regling

Economic growth is slowly returning to Europe thanks to the EU's response to the crisis, yet countries still have much to do to improve their competitiveness, according to Klaus Regling. As the managing director of the European Stability Mechanism, which is tasked with giving financial aid to troubled countries, Mr Regling is one of the best placed people to comment on how the eurozone is doing at the moment. But although he is cautiously optimistic, he warned that the crisis is not over yet.Source : © European Union, 2013 - EP
source - -- 09/25/13