Brussels, 07/07/2010
Thank you for the invitation to come along today with my trade union and social partner colleagues.
This is an important moment. It’s the worst economic crisis in Western Europe since the Second World War - I do recognise that there have been worse crises in Eastern Europe.
The stimulus packages are being withdrawn, austerity is a near universal European fashion, and the fragile recovery is at risk. Governments are following the example of their predecessors in the 1930s.