EU official warns protectionism may be gaining ground
One of the European Union’s biggest priorities in the economic crisis is to fight what appears to be a growing trend toward protectionism, the bloc’s head of economic and monetary affairs said on Monday.
“We are living through an unprecedented crisis that is hitting every country and region around the world. Growth is contracting and unemployment is rising everywhere,” Commissioner Joaquin Almunia said in a speech in Prague cash advance payday loans.
“One of our highest priorities is to resist the rise in protectionism, which is showing warning signs of gaining ground.”
(Reporting by Martin Dokoupil; Editing by Michael Winfrey)