Monday, September 05, 2011

EuropeEconomics: Recession? : No recession as financial institutions stand firm

BBC News (Sep6,2k11)

Jose Manuel Barroso

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

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