The EU economics commissioner has sounded the alarm over the threat of recession in Italy and a slowdown in Germany.
Pierre Moscovici described Italy’s economic situation as delicate, warning that the country could plunge into recession this year. He added that the economic situation in Italy needs to be monitored closely. Moscovici also noted that the new EU forecasts will acknowledge the current economic slowdown that is most affecting Germany and Italy. France’s finance minister also expressed the same concerns. He warned that the eurozone’s future was at stake if reforms were not agreed on quickly to reduce divergences among the bloc’s economies.
Watch Live: http://www.presstv.com/live.html
#PressTV #News #Iran