European Commission president José Manuel Barroso threatened legal action against contentious new legislation in Hungary Tuesday, in a marked ratcheting up of rhetoric. The row threatens the country’s appeal to the IMF for crucial financial aid.
British Prime Minister David Cameron's demand for special treatment for banks was a risk to the integrity of the internal market and made compromise impossible, the European Commission President Jose Manuel Barroso said on Tuesday.
US President Barack Obama ratcheted up pressure on Europe on Monday to resolve the European debt problem during an annual meeting with EU chiefs. In a joint statement the US and EU said they agreed on the need to work together.
In an interview in Brussels the day after the crunch eurozone summit, José Manuel Barroso calls for closer integration of the Eurozone countries’ economic policies. “We need to add an economic union to monetary union”, he explains. Barroso complains that EU members “did not respect common rules”. Regarding Greece, although Europe is able to come to its aid, he says Athens must above all implement “structural reforms”.
European Commission President Jose Manuel Barroso sent stocks markets higher Wednesday after laying out a series of measures to deal with the eurozone debt crisis, which included the creation of a permanent bailout fund.
European Commission President Jose Manuel Barroso addressed the European Parliament Wednesday, calling for Europe to stand united in the financial crisis. He also advocated the controversial eurobonds and a financial transactions tax.
European Commission chief Jose Manuel Barroso has said he will propose options for the introduction of joint bonds for the 17-nation eurozone, saying that tighter fiscal integration is the only way to overcome the current debt crisis.
European Commission President Jose Manuel Barroso said that the human rights of all EU citizens and minorities must be respected in a speech to the EU parliament on Tuesday in the wake of French moves to expel more than 1,000 Roma in the past month.
The EU’s economic recovery is gaining steam and growth will be higher this year than originally projected, European Commission President Jose Manuel Barroso said Tuesday in a US-style "State of the Union" address in the French city of Strasbourg.
In an interview with France 24 Sunday, José Manuel Barroso, president of the European Commission, said Greece had presented all the necessary conditions to activate a bailout package, and that difficult austerity measures were unavoidable.
