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European Union Head Warns About Delaying Needed Reforms

The head of the European Union’s executive has warned that the bloc must not ease off on reform as growth edges back to the economy.

In his annual state of the union address, Jose Manuel Barroso said there was “no way back to business as usual”.

“The recovery is within sight,” he said, but warned it was fragile and that political leaders must “keep up our efforts”.

He urged the eurozone to press ahead with the creation of a banking union.

Mr Barroso, president of the European Commission, said the union must complete the project to “make sure that taxpayers are no longer in the front line to pay” when banks failed.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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