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“This is not fair because it was not the European Union that created the problems”

Business quote of the day.

Jose Manuel Barroso. Photograph: Getty Images

“This is not fair because it was not the European Union that created the problems”

Jose Manuel Barroso denies that the European Union is to blame for the tough austerity measures implemented by governments across the  continent. The president of the European Commission said “irresponsible financial behaviour” and “excessive public debt” must bear responsibility for the economic difficulties.