Barroso spells out eurozone recovery plan

Central Banking Newsdesk
12 Oct 2011

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José Manuel Barroso, the president of the European Commission, on October 12 (Wednesday) detailed a roadmap designed to restore stability and draw a line under the sovereign debt crisis that has plagued markets in Europe in 2011.

Speaking at a European Parliament debate in Brussels, Barroso said comprehensive solutions were needed to "break the vicious cycle of uncertainty" over sovereign debt sustainability and growth prospects in the euro area.

Barroso outlined five areas of action, which he

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