EU industry needs to be competitive says Barroso

President of EC, stressed the importance of industry

On 16 May, President of the European Commission (EC) Manuel Barroso stressed the importance of the EU industry in reviving productivity growth in Europe. Barroso spoke in the eleventh European Business Summit in Brussels, Belgium. 

According to the President of the EC, the EU industry (foods, drinks, pharmaceutical, manufacturing, machinery etc.) contributes 75 per cent of EU exports, 80 per cent of private investment in research and innovation and around 75 million jobs. Barroso str...

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