Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Barroso Seeks EU ‘Leap Forward,’ Calls for U.S. Debt Cuts

Don't Miss Out —
Follow us on:

Sept. 27 (Bloomberg) -- European Commission President Jose Barroso promised a “big leap forward” toward a better-run euro economy and urged the U.S. to tame its deficits in order to shore up global growth.

Barroso, in charge of the European Union’s executive arm, said plans for better bank supervision and closer fiscal and political ties within the 17-nation euro zone point the way out of the almost three-year-old debt crisis.

“There is a now a strong political will in Europe to do whatever it takes to exit this crisis stronger and more united than ever before,” Barroso said at Princeton University today, according to a speech text released in Brussels.

Barroso also took aim at global economic imbalances, fueled by China’s export-driven growth strategy and by budget deficits and excessive consumption in places like the U.S.

“Restoring growth in Europe is as important for the world as the U.S. actions to prevent a fiscal cliff or the rebalancing of the growth model of some emerging economies,” Barroso said.

To contact the reporter on this story: James G. Neuger in Brussels at

To contact the editor responsible for this story: James Hertling at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.