Brussels says reforms are improving the economy
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The president of the European Commission, José Manuel Durão Barroso, said today that the measures against crisis are beginning to “bear fruit” and said the bloc's economy is turning positive lets look confidently to the future.
Barroso, in a speech to European ambassadors, said the “Eurozone rebalancing is underway” and set an example main exports improved in the countries hardest hit by the crisis.
According to the head of the EU executive, the “boom” exports is due to increased competitiveness thanks to the reforms implemented in countries under bailout programs such as Greece, Ireland and Portugal.
Barroso received today precisely Finance Minister Portugal, Maria Luis Albuquerque, and vice Portuguese, Paulo Portas.
According to the EC President, economic indicators last quarter show a “modest recovery”, we can speak of a situation “best” and look “cautious confidence” the future.
Barroso stressed that Europe is showing its “resistance” in a context “extremely difficult”.At the same time, warned that “this is no time for complacency” and pointed to unemployment as the economic challenge.
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