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Eurozone crisis: Commission to outline recovery plans

European Commission President Jose Manuel Barroso has said he wants a complete overhaul of several economic processes within the eurozone.

On Wednesday he will outline proposals to help solve the eurozone crisis, including how to restart growth in Europe and a controversial eurobond, where countries will pool their resources when borrowing money.

But German Chancellor Angela Merkel has said changes to the EU treaty and stricter regulation are the way to solve the problem, rather than eurobonds.

Matthew Price reports from Brussels.

  • 23 Nov 2011