VIENNA, June 10 The head of the Eurogroup of
euro zone finance ministers said on Tuesday he was confident the
bloc's economic growth was not sputtering out, and urged
countries not to let up on fiscal reform efforts.
"I'm not concerned about the slackening of European
economies. There has been a slight setback in a number of
countries in the first quarter but I'm also seeing a pickup of
the industrial investments in different countries so I'm sure
the second quarter will show growth all over Europe again,"
Jeroen Dijsselbloem told reporters during a visit to Vienna.
"My only concern is that the outcome of this (European
Parliament) election will lead in some countries to a sense of
doing less rather than doing more. Doing less in the sense (of)
let's not be so ambitious in terms of budgetary targets, let's
not be so ambitious in terms of reforms, and I think that will
be a big mistake," he said.
Economic growth of just 0.2 percent in the first quarter was
only half of market expectations for the period.
(Reporting by Michael Shields; editing by Andrew Roche)