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Will the European Commission exit the recession stronger than before?

As the Greece debacle continues to roll on, despite the fact that a bailout package has been agreed, there is great discussion as to whether the European Commission will exit the current recession stronger than the European Commission which entered the problem times. So how could the European Commission end up with more power after such a difficult period?

There are concerns within some member states that the European Union ruling body will use the recession and the debt issues in Greece as a way to increase its stranglehold on member states and member state budgets. There have already been murmurings of discontent from the German and French authorities regarding the Greek bailout although effectively European Union leaders had no option but to try and maintain the overall strength of the European Union as a whole, with the bailout.

As a consequence it is highly likely that the European Commission will exit this current recession in a far stronger position and with a tighter grip on member taxes, investment markets and regulations compared to just two years ago. Whether this will go down well with voters around Europe remains to be seen but it is almost certain to sound alarm bells in the UK were anti-European sentiment has been growing.

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