EU recovery shows up on paper, not pockets

April 17, 2015 10:43 PM

56 0

WASHINGTON – On paper, the signs for the European Union are hopeful. The European Commission forecasts positive economic growth for every country in the European Union for the first time since the economic crisis struck in 2009. On the ground, though, many Europeans still feel the pinch of high unemployment and tight paychecks.

"It's a slow recovery. There's a lag when you see it in the macro-economy, before they see it in their pockets," EU Vice President Valdis Dombrovskis, whose responsibilities on the commission include strengthening the euro and the economic union, told USA TODAY in an exclusive interview on Friday.

Read more

To category page