6 February 2001, 16:35 EU SOLBES SEES EMU 2001 GROWTH +3%; DOWNBEAT ON ITALY
European Commissioner for Economic and Monetary Affairs Pedro Solbes
said in an interview with Il Sole 24 Ore that eurozone GDP growth of
around 3% this year, exceeding that of the US. However, the Commission
is "not very optimistic" about Italy's growth prospects due to its
dependence on foreign markets. He also said its stability pact
"lacked realism." On Germany, he said it should reduce its budget
deficit.
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