Caspian Energy Journal Caspian European Club
Sunday, 16 March 2014 13:00

MEPs damp down claims of economic recovery

MEPs disagreed with the Commission President José Manuel Barroso and Dimitrios Kourkoulas, for the Greek Presidency, that economic recovery was on the way, in Wednesday's debate on the last EU summit before the European elections. They criticized the failure to support SMEs, spur growth and fight unemployment and debated how to reconcile industrial competitiveness with climate targets, Caspian Energy News ( reports with reference to the press service of European Parliament.

President Barroso was optimistic, saying that economic forecasts had been revised upwards by 1.5% for this year and 2% for next year.

"Growth is returning in Europe and this is also true for the most vulnerable member states," he said, stressing that the top priorities were still to fight unemployment, finalise the banking union and decrease energy dependency, especially in the light of the crisis in Ukraine.

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