François Hollande: the eurozone crisis is over
Source: The Guardian
François Hollande, the French president, has declared an end to the eurozone debt crisis, despite record unemployment across the continent.
"You must understand that the crisis in the eurozone is over," Hollande told an audience in Japan during a three-day state visit.
"Europe has become more stable, but it must now be oriented toward growth," he said during a speech in Tokyo. "I believe that the crisis, far from weakening the eurozone, will strengthen it.
"Now, we have all the instruments of stability and solidarity. There was an improvement in the economic governance of the eurozone, we set up a banking union, we have rules on budgetary matters that allow us to be better coordinated and have a form of convergence."
Read more: http://www.guardian.co.uk/world/2013/jun/09/francois-holland-eurozone-crisis-over
House of Roberts
(5,182 posts)Poor people unemployed, going hungry isn't a crisis to the elites.
Bosonic
(3,746 posts)But will it come when you call for it, François ?
DJ13
(23,671 posts)Then it aint over.
When real economic growth becomes the priority, it will start being over.
For years now all the world has marveled at China's growth, yet the idea of emulating them never is an option.
dipsydoodle
(42,239 posts)I don' t think the French believe him any more let alone anyone else.
midnight
(26,624 posts)bhikkhu
(10,724 posts)HiPointDem
(20,729 posts)& more part-time).
*that's* why it's 'jobless,' because we're not even back to baseline 5 years out.
bhikkhu
(10,724 posts)either way you phrase it its still 5 million jobs, and counting.
I think everyone on both sides knows we could have done better, and where the primary blame lies for the recovery not moving faster.
HiPointDem
(20,729 posts)been created net.
bhikkhu
(10,724 posts)until all the lost jobs are replaced. I guess I didn't read the rule book
HiPointDem
(20,729 posts)Response to HiPointDem (Reply #23)
bhikkhu This message was self-deleted by its author.
midnight
(26,624 posts)roamer65
(36,747 posts)If the PIIGS are not allowed out of an overvalued currency, then the social unrest from their high unemployment will eat the EU alive. You had better start devising an exit strategy for those countries right now, my friend.
Gregorian
(23,867 posts)n2doc
(47,953 posts)But if he had said that in the EU it would have been the laugh line of the night. Followed by fruit and vegetable tossing.
alp227
(32,052 posts)dixiegrrrrl
(60,010 posts)"the sub-prime crisis is contained and will not affect other sectors of the economy"...Bernanke
" The Iraq invasion will be very short term, a matter of weeks"
and
" The Iraqi's will pay for the war from their own oil resources"
Rumsfeld
"Mission Accomplished, hostilites are over"....
" No one could have foreseen............"
most famously by Condi, but also variants from the entire Bush admin.
Bookmarking for guaranteed later use.
Javaman
(62,534 posts)Psephos
(8,032 posts)bhikkhu
(10,724 posts)as the eurozone crisis was the justification for them, valid or not. So this would be good and welcome news. And don't forget - Hollande is on our side too!
PA Democrat
(13,225 posts)I'd say there is still a crisis for millions of young people hit by the effects of austerity.
bucolic_frolic
(43,281 posts)jawboning still works, doesn't it?
Joe Shlabotnik
(5,604 posts)Dawson Leery
(19,348 posts)to peacefully exit the Euro?
malthaussen
(17,216 posts)... when the "Energy Czar" simply declared that the "oil crisis" was "over," and there was great rejoicing in the land. Ah, if saying it could make it so, what a different world this would be.
-- Mal