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FRENCH PM: EUROPE MOVING TOWARDS EUROZONE ECONOMIC GOVERNMENT
PanARMENIAN.Net
October 21, 2011 - 13:23 AMT
PanARMENIAN.Net - Europe is moving towards an economic government for
the 17-nation eurozone, French Prime Minister Francois Fillon said
Friday, October 21, ahead of what he called a "decisive" summit on
the bloc's debt crisis.
"Europe is moving resolutely towards an economic government of the
eurozone," he told South Korean business chiefs at a seminar in Seoul.
Sunday's European Union summit would be a "decisive meeting", he
said, although another summit is already planned for Wednesday as
the eurozone battles to prevent Greece's problems from spilling over
more widely.
Fillon said the crisis had exposed the "oversights" in the continent's
monetary union, and that the world economy and governance was
approaching a "moment of truth".
But he stressed: "Today Europe is faced with a new challenge. As she
has always done in the past, she will overcome the tests and emerge
strengthened.
"I encourage you to have confidence in Europe," Fillon told members
of the French-Korean chamber of commerce and other Korean business
leaders, ahead of a weekend visit to Japan.
EU ministers were to begin pre-summit talks Friday, amid hopes the
leaders will agree to strengthen Europe's financial rescue facility
and to recapitalize banks.
But rifts over how to solve the eurozone debt crisis which threatens
the world economy have forced the 17-nation zone to call a fresh
summit next Wednesday, AFP reported.
PanARMENIAN.Net
October 21, 2011 - 13:23 AMT
PanARMENIAN.Net - Europe is moving towards an economic government for
the 17-nation eurozone, French Prime Minister Francois Fillon said
Friday, October 21, ahead of what he called a "decisive" summit on
the bloc's debt crisis.
"Europe is moving resolutely towards an economic government of the
eurozone," he told South Korean business chiefs at a seminar in Seoul.
Sunday's European Union summit would be a "decisive meeting", he
said, although another summit is already planned for Wednesday as
the eurozone battles to prevent Greece's problems from spilling over
more widely.
Fillon said the crisis had exposed the "oversights" in the continent's
monetary union, and that the world economy and governance was
approaching a "moment of truth".
But he stressed: "Today Europe is faced with a new challenge. As she
has always done in the past, she will overcome the tests and emerge
strengthened.
"I encourage you to have confidence in Europe," Fillon told members
of the French-Korean chamber of commerce and other Korean business
leaders, ahead of a weekend visit to Japan.
EU ministers were to begin pre-summit talks Friday, amid hopes the
leaders will agree to strengthen Europe's financial rescue facility
and to recapitalize banks.
But rifts over how to solve the eurozone debt crisis which threatens
the world economy have forced the 17-nation zone to call a fresh
summit next Wednesday, AFP reported.