As per latest reports, Eurozone is recovering after five years of debt crisis, which crushed almost whole of the Europe.

Jose Manuel Barroso, European Commission President, said Europe is improving its state from the crisis, but lack of political stability and financial reforms could hinder its progress.

Barasso, in its general meeting at the United Nations General assembly, said there was a need to boost the European Union by raising confidence among investors and consumers.

He assured the people that Europe will reunite with Angela Merkel, Chancellor of Germany, to improve their condition.

About 19 million people are unemployed across Europe, which is a major setback for the European Country.

Earlier this year, European economy had been shrunk from the past 18 months. So, there was a need to improve the economical condition of the Europe.

According to a private-sector report by Markit Economics, there has been an increase in the business activity this month, as compared to past two years.

There has been an improvement in European economy. "Merkel will devote this third mandate, more time and energy, to Europe than before because it's not likely she'll run for a fourth mandate in German elections", said Barroso.