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Christoph Leitl (l) believes that the next five years are crucial if the EU is to avoid slipping into the economic second division (Photo: Eurochambres)

Business needs 'political union', says European business leader

What European business needs in the long term is "political union" in the EU, according to the head of Eurochambres - an association representing over 17 million businesses in Europe.

Austrian Christoph Leitl told the EUobserver in an interview, "a free-trade zone is good for business but business in the long run needs political union. You can't have a stable currency without a political power behind it. And therefore we need it".

"If Britain wants to stop the train, then we sho...

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Christoph Leitl (l) believes that the next five years are crucial if the EU is to avoid slipping into the economic second division (Photo: Eurochambres)

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