Europe cannot have stability without growth, says Barroso

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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."

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