Wellink on prospects for the European economy

In a speech on 'Prospects for the European economy' given on 27 January, Nout Wellink of De Nederlandsche Bank said he was optimistic about the prospects for the European economy.

We have clearly passed the turning point in economic growth, Wellink said, both in the Netherlands and in Europe as a whole. Moreover, the conditions for sustainable growth recovery are favourable.

Firstly, European governments are increasingly living up to their promise made in Lisbon to implement far-reaching

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