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Femise Feature - National savings still not enough for true convergence
22-07-2010
The financial crisis has cut growth in southern Mediterranean countries by two percentage points on average, claims Jean-Louis Reiffers, chairman of the scientific committee and coordinator of the Femise. This is far less than the slowdown in Europe, but the state of the region’s public finances means governments must be more aware than ever of how profitable their modernisation programmes are.
This is an interview done by FEMISE, a three-year EU-funded project with a budget of €4 million, which aims to contribute to the reinforcement of dialogue on economic and financial issues in the Euro-Mediterranean partnership, within the framework of the European Neighbourhood Policy and the Union for the Mediterranean.
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