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The commission says another 5 million jobs are expected to be created by the end of 2009 (Photo: European Community, 2006)

EU hails 'historic' economic growth results

The European Commission announced on Tuesday that its almost eight-year old strategy designed to make Europe's economy more competitive is finally showing results.

"I am very happy to say (...) that the Lisbon strategy for growth and jobs is now working," said commission president Jose Manuel Barroso, referring to an economic growth plan signed off by EU leaders in 2000.

"We have the best results since the 1980s in terms of job creation," he continued.

According to European...

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The commission says another 5 million jobs are expected to be created by the end of 2009 (Photo: European Community, 2006)

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