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The ministers also agreed that the deficit cuts must be accompanied by structural reforms in the labor and financial markets and in pensions to boost the potential growth rate of the E.U.
It is important for children's development and for the longer term development of the country, that increase in budgetary allocations to health, education and social transfers are accompanied by structural reforms in the delivery systems.
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It is also difficult to envisage a change in the growth model with the same strategy followed by structural reforms since the 1990s, and, in particular, during the crisis.
This expansion and diversification in financial sector was driven by structural reforms, political stability and significant economic growth.
And that can only be achieved by structural reforms, not by monetary policy," he said.
They are not behaving selfishly by insisting on structural reforms in exchange for bailouts.
Schadenfreude does not do justice to the mood of EU officials and ministers as they watched Britain's prime minister, Gordon Brown, struggle with his country's first bank run in a century after years spent lecturing Europeans about deregulation.But Professor Sapir, for one, stands by his calls for structural reforms in Europe.
We have the possibility of recommending bold structural reforms in Greece which will also be closely monitored by the Commission.
Moscovici agreed that Europe does need "structural reforms", adding: We are not afraid of structural reforms in France.
In any event, we will see a renewed appetite for structural reforms in the region.
Growth has been high, stimulated by structural reform.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com