Speaking on Friday at the 44th World Economic Forum Annual Meeting, Jose Manuel Barroso, President of the European Commission, warned that while the Eurozone was showing strong signs of recovery, the crisis was far from over.
"We're not out of the crisis with such high levels of unemployment," Barroso said, adding "we need to keep the emphasis on reforms. We have learntour lessons but the work is far from over."
According to Barroso, increased competitiveness is the key to the Eurozone's revival and to drive competitiveness, internal markets must be deepened, trade agreements such as the Transatlantic Trade and Investment Partnership implemented and there should be increased research and development investment.
Echoing similar sentiments, Taoiseach (Prime Minister)
Crossrail: Building Europe's largest infrastructure project
Indian IT outsourcers want a bigger byte out of Europe
What exactly ails the world's advanced economies
SPECIAL: What ails the public sector banks
FinMin promises more steps, hopeful of growth revival