In an interview with the EUobserver, Christoph Leitl, President of business association Eurochambres says the EU has "no prospect" of catching up with the US economy by 2010.
Dr. Leitl, whose association represents over 17 million businesses in Europe, said, "To speak frankly and clearly, there is no prospect of reaching the 2010 goals. On the contrary, we have a widening gap between the strong economy in the United states ... as we are widening the gap, all alarm bells have to sound"....
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