Mounting Deficits Force Euro Minsters To Cut Energy Support Measures ...Middle East

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Mounting Deficits Force Euro Minsters To Cut Energy Support Measures
source : OILPRICE ( Middle East ) () 16
In a move that could send Europe into an even a deep recessionary tailspin and crush the continent's long-suffering consumers, should Europe's energy problems extend into the new year - which they almost certainly will - last Thursday Euro zone finance ministers agreed to withdraw energy support measures to their economies and use the savings to cut budget deficits and help the European Central Bank curb inflation, Reuters reported. The ministers also agreed that "gradual, determined and realistic" fiscal consolidation is warranted to…

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