NAWAIWAQT GROUP

    
    
 
 
 
No 'firm recovery' for Europe
 
August 26, 2009
 
 
BRUS SELS (AFP) - Europes economy has not made a firm recovery from the global downturn despite some encouraging signs, EU Commission chief Jose Manuel Barroso said Tuesday. The impact of the financial and economic crisis is still tangible in Europe and we have much still to do, he said at a joint press conference with Lithuanian President Dalia Grybauskaite. Lithuania is suffering the worst recession in the European Union. Several European countries are seeing encouraging signs of recovery but firm recovery is not here yet, he cautioned. While Germany and France have pulled out of recession and have nearly managed to bring the rest of the eurozone with them, analysts say much of the recovery is due to massive government stimulus measures for businesses. Unemployment is also rising as companies struggle to stay viable.
 
 
on epaper page 19
 
Topics
 
Firm Recovery Europe
 
more in Business
June 19, 2013

ISLAMABAD - The Senate Standing Committee on Finance and Revenue Tuesday recommended the gov...

June 19, 2013

ISLAMABAD - Pakistan has more than enough reserves to cover dues of International Monetary F...

 
Comments
comments powered by Disqus
 
 
NAWAIWAQT GROUP