Parliament sets up economic crisis committee

While speculation on future high-profile jobs continued apace on Wednesday (7 October), parts of the EU institutions attempted to concentrate on the job in hand – namely the tackling of the economic crisis.

Their actions were given added relevance by fresh data from the EU's statistics office – Eurostat – showing a second quarter drop in euro area GDP of 0.2 percent when compared to the previous quarter. For the EU27 the fall was 0.3 percent.

Following a decision taken by parlia...