EU growth to continue - Quinn

AN improvement in economics growth in the EU during the second half of 1996 is likely to continue into next year, according to…

AN improvement in economics growth in the EU during the second half of 1996 is likely to continue into next year, according to the Minister for Finance, Mr Quinn.

In a statement to be delivered to the annual meeting of the International Monetary Fund and the World Bank in Washington today, Mr Quinn - in his role as President of the Council of Finance Ministers - says that the expected rebound in European economies is the result of good investment profitability and a favourable international environment.

Mrs Quinn says that considerable progress has been made within the EU on price and exchange rate stability.