- CNTV English - CCTV News

Europe economy in dilemma

07-06-2010 13:39 BJT

Watch Video

Play Video

Vastly different predictions on the future of the world economy and its prospects of recovery is provoking heated discussions.

The president of the European Central Bank says he doesn't "believe at all" that Europe is facing a double-dip recession, as markets took fright from weak data. He says there's a huge amount of work for the G20 nations to do in regulating the financial sector. He also agrees that the reduction of global economic imbalances isn't yet complete.

He reiterates that budget policies need to be finely balanced, in order to boost confidence. Others at the European Central Bank say they will spare no efforts to assist him.

Gertrude Tumpel-Gugerell, Executive Board Member of European Central Bank said "As Greece is re-routing to the right path, its fiscal deficit had been decreased by over 40 percent, we believe the European economy is gradually recovering. And people's confidence is now restoring. We've seen that in many enterprises and consumers, that's why we are so confident about our economy."

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program