Prior to the official publication of growth figures for the EU, the eurozone economies have reportedly seen a slight recovery, with estimated overall growth of 0.2% for the second quarter of 2013. However, the results show Europe continues to lag behind its global competitors.
Hannes Swoboda, president of the Socialists and Democrats Group in the European Parliament, commented on the figures:
"There are some feeble signs of growth in the eurozone but we should not be overly optimistic. Only the creation of jobs will generate sustainable long-term growth. Growth without jobs will not last and is not acceptable for the people of Europe who face falling living standards and continuing uncertainty.
"An economic recovery without new jobs – in old and new industries – will only be a short-lived upward blip in a continuing downward spiral. We need a genuinely effective employment policy instead, to get people into decent, long-term jobs."