Van Rompuy Sees Increasing Signs EU Will Resume Growth in 2013

European Union President Herman Van Rompuy said the euro-area economy is likely to resume growth this year after slipping into a recession in 2012.

“There are increasing signs that 2013 is likely to mark the end of the recession in the euro area, but unemployment levels across the union are unacceptably high,” Van Rompuy said today in the text of a speech in Dublin. “As growth returns, it also takes time before perceptible effects on employment start kicking in.”