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Emerging Europe needs steps to spur demand, Voinea writes in FT

The European Union's Eastern states suffer from a 'demand gap'due to crisis-triggered austerity measures and must find ways to stimulate growth, Romanian Budget Minister Liviu Voinea wrote in a post the Financial Times (FT) website on Tuesday, according to a Bloomberg report. The Romanian minister says private demand, a key driver of growth, shrank 3.9 percent of gross domestic product in Slovenia last year, it was 2.8 percent of GDP in ...

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