Recession Would Not Comeback: Affirms EC Head
Submitted by Antonio Carretero on Mon, 09/05/2011 - 02:09
Jose Manuel Barroso, Chairman of the European Commission is quite positive that Europe would not have to face recession again, and assured that the government would do anything to keep its economy sake and recession-proof.
Manuel said that Commission, with help of the government, is trying their best to evade the debt crisis that has occurred in euro zone part. He said that this kind of assurance was much needed, especially when rating authority S&P declared that fear of double dip recession has not decreased but increased in the euro zone.
Assurance is not fake prediction, but a thing that would take place in coming time said European Commissioner Chairman who publicized this during an executive meet held at Australia. He gain in an optimistic tone affirmed that both the European Union as well as euro is supple and brawny, and would be like that in coming time.
He said that reason behind his surety is that they are doing endless efforts to tackle the debt crisis which included solving the budget problem, intensifying the power of euro zone as well as maintaining its supremacy. So, they are trying each and everything to improve the prevailing conditions.









