We’re better than AMERICA: EU’s Juncker in dig at US as he boasts of euro growth

The European Commission President made the comparison as he delivered his annual State of the Union speech to MEPs in Strasbourg.

Mr Juncker acknowledged the EU was battered and bruised and not in a good state after Britain voted to walk away from the bloc.

But he insisted it had made a good recovery and was growing in confidence.

He said: “We have been slowly gathering momentum – it helped that the economic outlook swung in our favour – growth in the European Union has outstripped that of the United States over the last two years.

“It now stands above two per cent for the EU as a whole and at 2.2 per cent for the euro area.”

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M Juncker said unemployment across the EU was now at a nine-year low. 

He told MEPs: “Almost eight million jobs have been created during this mandate so far. With 235 million people at work, more people are in employment in the EU than ever before.

“The European Commission cannot take the credit for this alone. 

“Though I am sure that had eight million jobs been lost, we would have taken the blame.

“But Europe’s institutions played their part in helping the wind change.

“We can take credit for our European Investment Plan which has triggered €225 billion worth of investment so far. It has granted loans to over 445,000 small firms and more than 270 infrastructure projects.

“We can take credit for the fact that, thanks to determined action, European banks once again have the capital firepower to lend to companies so that they can grow and create jobs.

“And we can take credit for having brought public deficits down from 6.6 per cent to 1.6 per cent.

“This is thanks to an intelligent application of the Stability and Growth Pact. We ask for fiscal discipline but are careful not to kill growth. This is in fact working very well across the Union – despite the criticism.

“Ten years since crisis struck, Europe’s economy is finally bouncing back.”


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