European Commission president Jose Manuel Barroso admitted on Thursday (12 March) that unemployment is soaring in the European Union, but insisted that the necessary safety-nets are in place to protect citizens.
"The European social model is working …working much better than the financial system or the economy as a whole," he said, referring to the stymied banking sector and the fall in EU growth that have dominated the political agenda for the last six months.
"When people lose...
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