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EU Commission: economy is getting worse

EU Commission: economy is getting worse

The EU Commission's president warned Wednesday that the European economy is getting worse and that EU leaders should hurry to approve a proposed stimulus program.
"Things are bad and are likely to get worse before becoming better," EU Commission President Jose Manuel Barroso told the European Parliament.
Unemployment is rising across Europe and several nations are already in recession, including the EU's largest economy, Germany.
Barroso said EU governments should swiftly push through a European Commission program to spend 1.5 percent of gross domestic product _ some


Updated : 2021-07-29 05:38 GMT+08:00