EuropeEconomics: Recession? : No recession as financial institutions stand firm
BBC News (Sep6,2k11)
Jose Manuel Barroso said authorities were doing all they could to tackle the eurozone's debt problems
Barroso says Europe will avoid
return to recession
Europe will not slide back into recession, and the euro remains "strong and resilient", the president of the European Commission has said.
Jose Manuel Barroso added that the Commission and national governments were "doing all it takes" to tackle the debt problems in the eurozone area.
His comments came after rating agency Standard & Poor's (S&P) said last week that the risk of a double dip recession in the eurozone had grown.
Yet S&P said that it should be avoided.
Read the whole article on the BBC News site.
— EconoMix
No comments:
Post a Comment