-French President Nicolas Sarkozy struck an upbeat tone Friday, saying the euro zone had found the path out of the financial crisis. Earlier Friday, 25 of the European Union's 27 leaders signed the region's new fiscal pact, which imposes stricter rules on deficits and debts.
"We're turning the page on the financial crisis," Sarkozy told a press conference after an EU summit in Brussels. "The strategy we've implemented is bearing fruit." Still, the fiscal accord will need to be complemented by measures to boost growth, Sarkozy added.
"The solution can't only be in budgetary discipline," he said. "It must be found in economic growth and [by] boosting competitiveness."
For more: UPDATE: Sarkozy: Europe Is Turning Page On Financial Crisis - WSJ.com
No comments:
Post a Comment