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EU leaders express "strong desire" to keep Greece in eurozone

05-25-2012 02:33 BJT

 

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European Union leaders have expressed their "strong desire" to keep debt-laden Greece in the euro area. They are also urging the country to maintain its commitment to austerity and structural reforms.

The remarks came after an informal dinner meeting of EU leaders. Besides talking stimulating growth, the launch of eurobonds was also discussed during the dinner meeting. Germany is resisting pressure to launch eurobonds as a way to ease the eurozone crisis. Its Chancellor Angela Merkel says the bonds would violate EU treaties and would not contribute to kick-starting growth. France's president Francois Hollande says he wants discussion of eurobonds.

Meanwhile, the President of the European Council says there was no talk of immediate introduction of euro bonds, although they were discussed as part of the long-term solution to the European economic crisis.

Herman Van Rompuy, President of European Council, said, "We will ensure that European structural funds and instruments are mobilized to bring Greece on a path towards growth and job creation. Continuing the vital reforms to restore debt sustainability, foster private investment and reinforce its institutions is the best guarantee for a more prosperous future in the euro area. We expect that after the elections the new Greek government will make that choice."

Jose Manuel Barroso, President of European Commission, said, "The choice between stability and growth should not be seen exactly as a choice, we need both. On that there was clear consensus around the table on this."

 

Editor:James |Source: CNTV

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