- CNTV English - CCTV News

Italy, France call for cohesive measures to tackle eurozone crisis

06-06-2012 01:38 BJT

ROME, June 5 (Xinhua) -- French Foreign Minister Laurent Fabius on Tuesday said the international community needs to find cohesive measures to tackle the financial crisis rather than blame each other for the problems.

"It does not seem to me that the crisis was born in Europe. Lehman Brothers was neither an Italian nor a French bank," Fabius said during a joint press conference after meeting his Italian counterpart Giulio Terzi in Rome.

"It makes no sense to shift responsibility to each other," he added, alluding to U.S. President Barack Obama who on Saturday said the European crisis was causing trouble for the United States.

"The worries of the United States had already been clarified at the Camp David summit," Terzi said.

The Italian minister added the size of the financial crisis on two sides of the Atlantic is "so complex that raises shared worries not only in Washington but also in all the European capitals."

He added that trying to pick out the origin of a crisis is counterproductive in today's globally connected world.

Terzi said it is fundamental to urgently act in "coordinated and incisive way" adopting measures able to support growth and employment, and foster "better governance" at the EU level.

Fabius highlighted the necessity for the international community to "proceed in a cohesive way" to find a solution to the debt crisis.

In his view, both Europe and the United States should make budget and growth efforts. "The United States has an important role in the global economy, and so does the European Union, which is the first commercial area in the world. We are all in the same boat," he said.

"A practical method" should be found to help the Spanish banking system that is faced with considerable difficulty and should function without increasing the deficit, which would raise borrowing costs," the French minister said.

"The European system as a whole has to find a solution to avoid suffocation," Fabius said.

Regarding relations between Italy and France, he noted "there might have been some shadows in the past but now the problems have been solved."

"There are now the elements for exemplary joint work to achieve concrete results, and we will have a big number of opportunities to work together," Fabius said.

Editor:Zhang Jianfeng |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program