Businessweek: EU confident of steady growth
For the complete report from Businessweek click on this link
EU confident of steady growth
The European Union remains upbeat about growth in 2008 despite concerns over repercussions from the U.S. subprime market crisis, European Commission President Jose Manuel Barroso said Friday. "There are some concerns about the possible impact of the subprime problems in the United States on our economy, but I want to underline (that) the fundamentals, the basic principles of the European economy remain sound," Barroso said. Barroso said the EU is not ready to revise growth projections at this time given "positive" economic trends, especially in eurozone exports and employment figures.
