EU's Barroso says worst of euro crisis is over

PRAGUE, April 3 Wed Apr 3, 2013 6:44am EDT

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PRAGUE, April 3 (Reuters) - European economies have gone through the worst of the debt crisis, but the situation still remains delicate, European Commission President Jose Manuel Barroso said on Wednesday.

"I believe that the EU has come through the worst of the crisis but the situation is still fragile," he told reporters during a visit to Prague.

Barroso said the EU had put an end to uncertainty over Cyprus, but the agreed bailout programme now had to be properly implemented to put the island's economy on a sustainable footing.

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Comments (1)
DessieDeratta wrote:
Did a quick google.

This is (at least) the sixth time since last summer that a Senior Eurocrat or ECB man has announced that the euro “has come through the worst of the crisis”.

I’m sure a more comprehensive search could expand both the timeline and number of times this nonsense was uttered.

Apr 04, 2013 2:49pm EDT  --  Report as abuse
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