Jean-Claude Juncker warns economic crisis is not yet over

European Commission president Jean-Claude Juncker warned eurozone governments against relying too much on loose monetary policy for economic growth, saying they must quickly strengthen public finances and bolster investment to emerge from the debt crisis.

“Our economic recovery is still fragile,” Mr Juncker told the European Parliament yesterday in Strasbourg.

“From my perspective, the crisis is not over and there should be no complacency.