BRUSSELS, Sept. 3 (Xinhua) -- European Commission President Jose Manuel Barroso on Tuesday stressed the uncertain situation of Europe's economy despite the turning point coming, calling for further integration to implement reform.
Addressing the annual conference of the European Union (EU) External Action Service, Barroso said the EU's economy is at a "turning point" and showing "modest but encouraging growth", not yet out of wood and not the time for complacent.
The 0.3-percent quarterly growth in the eurozone ended a record-long recession, which lasted four quarters in a row.
He noted that it's crucial time for shaping the future of Europe by more integration when faced with globalization and external competition after financial crisis broke out in the United States in 2008 which resulted in social and political crisis.
Referring to establishment of a banking union, which is one of the most important part for the economic and monetary union (EMU), he said a banking union is not about make member states losing their sovereignty, but pulling it to be stronger to deal with the global economic issues which they are not capable to handle alone.
He said the most important driver for European integration in the future is globalization.
"The important fact of Greece staying in the eurozone is that there are stronger integration force in the EU," He added.