The assessment that there is no room for complacency and slowing down of reforms, which are prerequisites for a return to sustainable growth, expressed Simon O’Connor, spokesman for the Finance Committee’s Sim Kallas, commenting on the current Eurostat data on GDP for the first quarter of 2014.

According to Simon O’Connor, attention should be paid to the estimates and the image is divided with respect to the announcements of the EU statistical office.

This is due to the fact that some large economies, like Germany and the UK, showed strong growth rates compared to the recent EU’s spring forecast, while France, Spain and Italy moved below forecast expectations, when Eastern Europe faces a stronger-than-expected recovery.

The same spokesman said that in Cyprus, the recession appears to be milder than expected, while Portugal and the Netherlands’ deterioration is due to disposable measures.