ECOFIN Ministers cautiously optimistic about economy despite US housing woes |
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Published
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Tue, 27 Mar 2007 09:51
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BRUSSELS (AFX) - EU finance ministers expressed cautious optimism about the outlook for the European economy despite concerns about the US housing market.'It's too early to tell,' euro group president Jean-Claude Juncker said when asked on his way in the ministers' monthly gathering about the risks for Europe from the US problem.Dutch finance minister Wouter Bos said: 'The European economy is very good, and the Dutch economy is even better.'Bos said that 'the risks are known', adding there is 'no sign' that US housing market woes are spilling over into Europe.Belgian finance minister Didier Reynders was equally upbeat, saying: 'We are very confident.... We have a good and strong economy.'Austrian finance minister Wilhelm Molterer said: 'I think the European economy is stable and strong.'Molterer added that the 'risks are balanced for growth'.victoria.main@afxnews.comvm/vsCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Taiwan's TSMC chairman still has considerable confidence in US economy - UPDATE 