Friday, March 15, 2013

EU leaders to clash over austerity measures at summit as unemployment accelerates

EU leaders are meeting at a regular European Council to discuss how growth can be balanced with the fiscal austerity measures taken to tackle the eurozone debt crisis.

Jose Manuel Barroso, the European Commission President, admitted that while the EU had made progress, in tackling the sovereign debt crisis that had threatened the euro, the situation in some countries had reached breaking point.