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Sunday, September 11, 2011

France Says Euro Survival Crucial; Wants Stronger Yuan - CNBC

France Says Euro Survival Crucial; Wants Stronger Yuan - CNBC
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  1. RAYLOKESeptember 11, 2011 at 5:20 PM

    "Greece has made some mistakes. They have to correct these mistakes. They also have to honour the commitments that they have made," he said.

    Some economists believe Greece should exit the euro to give it more control over its crippled economy, but Juppe was adamant the euro should not be allowed to unravel.

    "France and Germany are agreed as to this objective. The 17-member countries of the euro zone are also supportive. It is true that outside the euro zone some countries are not of the same view, but we will be able to push this through."

    Looking for Stronger Yuan

    Juppe also suggested a stronger yuan would help reflate the euro zone, and said he would raise the issue in Beijing where he is to stop en route back home to France.

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