EU’s Van Rompuy, Barroso Warn Against Debt-Crisis Complacency

Two top European Union officials warned the euro area against complacency about the debt crisis after an easing of market tensions, saying political battles lie ahead over the latest push to protect the single currency.

EU President Herman Van Rompuy and Jose Barroso, head of the EU’s regulatory arm, said the euro region can’t afford to backtrack on plans for a single bank supervisor and tougher oversight of national budgets.