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Mr Barroso is keen to regain the initiative on the economic crisis (Photo: European Community, 2006)

Brussels seeks to regain lead on economic crisis

by Honor Mahony, Brussels,

The European Commission and Czech EU presidency on Wednesday (11 February) sought to stamp their authority on dealing with the current economic crisis as concern mounts that member states will retreat into economic nationalism.

Commission President Jose Manuel Barroso said there was "no magic" fix for the situation, which has seen thousands lose their job across the bloc, but that it could be fixed if the 27 member states work together on a "co-ordinated" European solution.

He not...

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Mr Barroso is keen to regain the initiative on the economic crisis (Photo: European Community, 2006)

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