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8/30/12

France*s Hollande pushes for EU action

French President Francois Hollande called on Europe's leaders to make serious headway in introducing measures to ease the pressure on countries such as Spain.

Speaking at a press conference following talks in Madrid Thursday with Spanish Prime Minister Mariano Rajoy, Hollande urged politicians to use the next European Union summit on Oct 19. "to make decisions concerning the eurozone, lasting decisions."

"We've been putting off choices for too long, and we've let doubt take hold."
Hollande was referring to delays in introducing measures agreed at a summit in June to grant countries easier access to bailout money and set up a single banking regulator that could take the burden of bank bailouts off national governments.

The French leader's remarks came as the financial problems of Spain's regional governments put the country under even greater pressure to ask for a bailout.

Read more: t he Associated Press: France*s Hollande pushes for EU action

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