Barroso says Europe faces biggest crisis

The European Union faces the biggest challenge in its history, as a crisis of confidence compounds economic and social problems, European Commission President Jose Manuel Barroso said on Wednesday.

Barroso says Europe faces biggest crisis

The European Union faces the biggest challenge in its history, as a crisis of confidence compounds economic and social problems, European Commission President Jose Manuel Barroso said on Wednesday.

"It's a crisis of confidence that has not happened for decades," Barroso said in his annual State of the Union address during a session of the European Parliament in the French city of Strasbourg.

Barroso also said Greece would remain a member of the euro single currency area and that if there was not deeper economic integration among European Union member states, the 27-member bloc faced fragmentation.

Reuters

Last Mod: 28 Eylül 2011, 13:09
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