Jose Manuel Barroso
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Europe cannot have stability without growth, says Barroso

8 May 2012 Last updated at 12:18 BST

The new French President Francois Hollande has vowed to redraw a pact on EU budget constraints, saying "austerity can no longer be the only option".

Mr Hollande has vowed to rework a deal on government debt in eurozone member-countries to focus on promoting growth.

Meanwhile the president of the European Commission, Jose Manuel Barroso told a news conference, "We cannot have stability without growth."