EU exec to move spotlight from austerity to reforms on Wed

The European Commission will further shift the EU’s policy focus from austerity to structural reforms to revive growth when it presents economic recommendations for each member state on Wednesday, officials said.

In its annual assessment as guardian of the EU’s budget rules, the Commission will say that while fiscal consolidation should continue, its pace can be slower now that a degree of investor confidence in the euro has been restored.

via Business feed http://www.scmp.com/business/economy/article/1247997/eu-exec-move-spotlight-austerity-reforms-wed