EUobserver / Euro not to blame for debt crisis, says commission nominee
▻http://euobserver.com/news/125912
The euro is not to blame for the sovereign debt crisis which forced several EU countries into multi-billion euro bailouts, the next commissioner for the single currency told MEPs Monday (6 September).
Speaking during his three-hour hearing with members of the Parliament’s economic affairs committee, Latvia’s commission nominee Valdis Dombrovskis commented that “we went through a crisis in Latvia without having the euro…the euro is the not the main issue to be blamed”.
Meanwhile, Dombrovskis deflected claims that, as a vice-president in the EU executive, he would effectively be the line manager of French commission candidate Pierre Moscovici.
#Valdis_Dombrovskis #Euro #EconomicCrisis #Latvia #BalticStates #EUCommissioners
