Euro Zone Is Overcoming Debt Crisis, Fillon Says

The euro zone is overcoming the “worst crisis in its history,” which was triggered by debt and not by a weakness of the single currency, French Prime Minister Francois Fillon said.

“The crisis is not a crisis of the euro, it’s a crisis of sovereign debt, which we are now resolving,” Fillon said today in Tokyo. The euro is a “permanent” currency, and the debt and deficits of European countries aren’t as bad as those of the U.S. or Japan, Fillon said.The euro zone is overcoming the “worst crisis in its history,” which was triggered by debt and not by a weakness of the single currency, French Prime Minister Francois Fillon said.

“The crisis is not a crisis of the euro, it’s a crisis of sovereign debt, which we are now resolving,” Fillon said today in Tokyo. The euro is a “permanent” currency, and the debt and deficits of European countries aren’t as bad as those of the U.S. or Japan, Fillon said.

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