Condition, eurozone leaders have managed to tighten fiscal integration.
Financial officer and executive European banks considered that the debt crisis in some countries indeed have caused a big problem but it will not disperse until the euro. The currency is still regarded as one of the arteries for the European economy has hit even instability.
According to news agency Reuters, the commitment they made to coincide with the tenth anniversary of the introduction of the use of the euro currency. Already 17 of the 27 EU member states are already using the euro. The group is called using the euro as the euro zone (eurozone)
However, in the last two years, the euro zone faced a severe crisis after a number of its members - such as Italy and Greece - was hit by debt problems. The situation was made a fellow using the euro, such as Germany and France, should bear the burden.
German Finance Minister, Wolfgang Schaeuble, stated that the current situation should not be generalized as the euro crisis. "This is a debt crisis in several countries using the euro," said Schaeuble told German daily Bild, which published today.
Officials of the European Central Bank, Christian Noyer, remains optimistic about the euro. For him, the euro could become the world's leading currencies. Condition, for him, eurozone leaders have managed to tighten fiscal integration.
However, Chief Executive of Standard Chartered Bank, Peter Sands, considered that political leaders in Europe have to offer meaningful solutions to address the crisis in the eurozone. "We are entering 2012 with a very difficult forecast for the euro zone ... with the ever increasing possibilities for countries that would leave the euro zone," said Sands told the Sunday Telegraph newspaper. viva
According to news agency Reuters, the commitment they made to coincide with the tenth anniversary of the introduction of the use of the euro currency. Already 17 of the 27 EU member states are already using the euro. The group is called using the euro as the euro zone (eurozone)
However, in the last two years, the euro zone faced a severe crisis after a number of its members - such as Italy and Greece - was hit by debt problems. The situation was made a fellow using the euro, such as Germany and France, should bear the burden.
German Finance Minister, Wolfgang Schaeuble, stated that the current situation should not be generalized as the euro crisis. "This is a debt crisis in several countries using the euro," said Schaeuble told German daily Bild, which published today.
Officials of the European Central Bank, Christian Noyer, remains optimistic about the euro. For him, the euro could become the world's leading currencies. Condition, for him, eurozone leaders have managed to tighten fiscal integration.
However, Chief Executive of Standard Chartered Bank, Peter Sands, considered that political leaders in Europe have to offer meaningful solutions to address the crisis in the eurozone. "We are entering 2012 with a very difficult forecast for the euro zone ... with the ever increasing possibilities for countries that would leave the euro zone," said Sands told the Sunday Telegraph newspaper. viva
