Rtrs just reporting.. Speaking in lower house
Says there are “encouraging” signals for global economic growth but
Strong sustainable and balanced economic growth is only possible with necessary structural reforms and solid budget consolidation
- some financial market reform has been achieved but far from everything that’s necessary
- regulation of shadow-banking sector is crucial
Add:
- important that Putin uses influence with separatists in Ukraine to ensure de-escalation of crisis
- will not hesitate to move to economic sanctions against Russia if Ukraine is destabilised
