Europe's economy should be strong enough to resist the recent crisis on the US mortgage markets but the turbulence could still take a turn for the worse, EU economy commissioner Joaquin Almunia has said.
Speaking to MEPs on Wednesday (5 September), Mr Almunia said the "economic fundamentals of Europe are solid, [and] should not be significantly affected by the recent turbulences and are capable of overcoming the ongoing uncertainties."
But he added that it is too early to forecas...
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