” “"The general economic prospects for the future of the Euro-zone are still good": the Quarterly Report of the EU Commission, published in Brussels today, confirms the positive trend for European economy and in particular for the 13 countries that have adopted the single currency. "Economic growth in the first quarter states the document reached 3% per annum, driven by domestic demand and investments". Consumptions "have recorded a slight drop, but are expected to quickly recover, since consumer confidence is reaching unprecedented levels". According to the economists of the Executive, "the growth in exports has slowed down, but this trend mostly reflects statistic effects and perhaps a deterioration of the international contexts rather than the appreciation of the euro". The same applies to inflation forecasts, which "remain good, with prices expected to remain stable". A warning has been given instead to six countries France, Germany, Italy, Greece, Slovenia, Austria which are late in reducing their structural deficits to at least 0.5% of their GDP each year, lacking a medium-term goal and going "against the spirit and the meaning of the EU Treaty".” “
