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March 4, 2010

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Barroso Urges Firmer Economic Governance

THE European Union's executive commission is calling for stronger economic governance in the 27-nation bloc to avoid a repeat of the Greek debt crisis which is threatening the eurozone currency union.

EU Commission President Jose Manuel Barroso says there is a "real sense of urgency" for European governments to boost growth and smooth out major differences between their economies.

Barroso said yesterday Europe has to rebalance demand across member countries.





 

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