Statement by Joaquín Almunia at the "The State of Europe VIP round table: Re-thinking the European project"
On 13 October 2011, José Manuel Barroso, President of the EC, and Joaquín Almunia, Vice-President of the EC in charge of Competition, took part in the "The State of Europe - Re-thinking the European Project" high level round table on "The EU's three ages - rise, decline and fall?" organised by the think-tank group 'Friends of Europe'.
The eighth annual high-level round table is bringing together about 50 Ministers, senior policymakers, business leaders and opinion-formers for a no-holds-barred discussion on prospects for re-thinking the European “project”.
José Manuel Barroso underlined that cutbacks are not the only solution to solve debt crisis as strengthening confidence is crucial to restore growth in Europe. Participants debated on tough challenges of the 21st Century such as Euro zone government’s battle with the sovereign debt crisis, the place of Europe on an increasingly crowded international stage and a largely disaffected European public demands. LINK