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Europe Must Become More Competitive: EU's De Gucht

Monday, 16 Jul 2012 | 4:50 AM ET

Karel de Gucht, trade commissioner for the European Union, told CNBC, "We are pretty good in exporting we are the biggest trading block in the world and we have about twenty percent of the market share and are stable over the last decade. The problem is inside Europe where you have differences of competitiveness."