Mistakes by Spanish supervisors helped to worsen the country’s banking crisis as they failed to recognize the scale of threats including a housing bubble, European Commission President Jose Manuel Barroso said.
European Commission President Jose Manuel Barroso’s claim that the U.S. is to blame for Europe’s debt crisis is “foolish” and further undermines confidence in the region, investors managing more than $400 billion said.
European Commission President Jose Manuel Barroso warned against a fragmentation of the euro area and said leaders should move ahead to make all European Union member states a part of the single-currency area.
European Commission President Jose Manuel Barroso said the European Union is convinced that a Greek default would be more costly than the current bailout efforts, Bild-Zeitung reported, citing an interview.
Hungary’s new government, which is seeking permission from international creditors for a wider budget deficit , must instead accelerate fiscal consolidation, European Commission President Jose Manuel Barroso told Prime Minister Viktor Orban .
Deputy Prime Minister Nick Clegg will today argue that supporting Britain’s European Union membership doesn’t mean opposing reform as polls suggest his Liberal Democrat party will come last in EU elections later this month.