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EU Chief: Eurozone Needs Radical Change

The eurozone needs fundamental changes to the way it is run or faces endemic unemployment and the trap of low economic growth for years to come, the European Union's chief executive told the bloc's leaders on Thursday. In a presentation, European Commission President Jean-Claude Juncker called for a deepening of the cooperation that underpins the 19-member currency area, despite the reluctance of countries to cede more sovereignty to EU institutions. "There is a need to...

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