European Commission President Jose Manuel Barroso on Wednesday (12 October) outlined a five-point “roadmap” aimed at bringing an end to the eurozone crisis that has rattled world markets and threatened to drag the global economy into a second recession.
The EU executive chief called for an urgent strengthening of the bloc’s banking sector, a massive recapitalisation that the International Monetary Fund has estimated will cost as much as €200 billion.
Backing the German position in...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login