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EU Commission: Bloc needs long-term plan now

By Sarah DiLorenzo
Published June 13, 2012 5:30pm ET
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EU Commission: Bloc needs long-term plan now
In this Friday, May 25, 2012 photo torn EU and Greek flags fly at the entrance of an abandoned factory in the industrial zone of Komotini about 800 kilometers (500 miles) northeast of Athens. In its heyday just over a decade ago, the industrial zone in this far-flung area of northern Greece was a hive of activity, with dozens of factories producing everything from textiles to ceramics and employing nearly 20,000 people. Now, the Komotini industrial zone is a picture of desolation, a stark illustration of the toll Greece's vicious financial crisis has taken on the country's industry. (AP Photo/Nikolas Giakoumidis) | Petros Giannakouris

BRUSSELS (AP) — The head of the European Union’s executive body urged the region’s leaders on Wednesday to show the world that they were ready to move closer together to resolve their debt crisis.

Jose Manuel Barroso told the European Parliament that the continent is facing a “defining moment,” and he said the only way to save the union was to make it stronger and tighter.

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