EU leader: we have not done enough - WAOW - Newsline 9, Wausau News, Weather, Sports

EU leader: we have not done enough

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BRUSSELS (AP) -- A top official says the European Union realizes it has not done enough to get out of its financial crisis and must do more to stimulate the it economy.

"We recognize that financial stability is not enough in itself to get out of the crisis," said Herman Van Rompuy, president of the European Council, said Monday after a summit meeting of European leaders. "We must do more, particularly in the areas of growth and employment."

Critics have accused the EU of focusing relentlessly on austerity to the exclusion of economic growth, thereby potentially pushing Europe toward recession.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

APNP-01-30-12 1604CST

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