13 Quotes by Joaquin Almunia

There was a downward risk presented by the evolution of oil prices and this risk has materialized in the last month.

These examples should encourage other countries, such as Greece, France and Portugal, to pursue the efforts to bring their public finances in order.

Although the (European) Commission welcomes the renewed priority attached by the German government to budgetary consolidation, it is clear that the procedure needs to be stepped up to guarantee a lasting correction of the deficit.

The European Commission has no legal power to avoid the enacting of some measures on a national level because this is not illegal,