EU’s Barroso: EU shouldn’t be complacent over its problems

  • EU didn’t cause the crisis, is ‘part of the solution’
  • Need more of Europe to respond to problems in the financial sector
  • Euro is a very strong currency and ‘credible’
  • Without a clear answer to the crisis, there is no confidence
  • No miracle solution, sees ‘difficult process’ in solving crisis
  • Need to act on several fronts including order in public finances
  • Need to implement reforms for competition, investment for growth
  • Growth is the answer to crisis

Bloomberg reporting

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