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Strengthening the Single Market and its implementation are needed to boost growth. To boost growth and create a sustainable recovery, a strengthening of the Single Market and better implementation of the existing framework are needed to achieve a more integrated and competitive EU economy.
Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.
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Statlinlk to graph - EU Survey 2012
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Overview - Eeuropean Union Survey 2012
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Graph Statlink - Euro area 2012
The euro area must restore sustainable and balanced growth. Decisive action is needed to stabilise vulnerable euro area debt markets in the short run. But, a sustainable recovery can only be achieved with a sound financial sector and structural reforms to boost growth and ease the debt burden.
Weak financial conditions, fiscal consolidation and economic adjustment are restricting demand in the short-term before the long-term benefits on stability and growth are felt, Mr Gurría said. Decisive action to restore confidence and support demand is needed now, he added.
Economic Surveys of the European Union and the Euro Area
Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros in order to restore market confidence, OECD Secretary-General Angel Gurría said today.
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Overview - Euro Area Survey 2012