He is advising European leaders to: reassess the current plan in Greece - which will reportedly see its debt at 120 per cent of its GDP by 2020 -; recapitalise banks in
struggling eurozone economies; and allow the European Central Bank to buy bonds from distressed countries.
The European Central Bank announced a massive stimulus program to get
the struggling eurozone economy growing again.
Not exact matches
Under Osborne, productivity is abysmal, business investment is weak, exports are
struggling (despite the fact that, unlike the
eurozone economies, we still have full control of our own currency thanks to the decisions of the last government).
However, conditions outside of Canada — specifically the anemic U.S.
economy and
struggling Eurozone — make such a move difficult as it would hamper Canadian competitiveness and discourage foreign investment.