China welcomes EU's handling of debt crisis
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China.org.cn, December 13, 2011
China welcomes the European Union's new measures for coping with the debt crisis worked out at the recently-concluded EU summit, said a Foreign Ministry spokesman on Monday.
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Foreign Ministry spokesman Liu Weimin speaks at a daily news briefing on Dec. 12, 2011. |
Spokesman Liu Weimin told a regular press briefing that China hopes relevant measures can help stabilize the market, boost confidence in the market, stop the crisis from worsening, promote employment and economic growth, and push forward European integration.
The stable and healthy growth of the EU and the eurozone will be crucial to maintaining the momentum of recovery in the world economy, Liu said.
China will maintain its support for EU integration, and continue to back the EU's efforts in combating the debt crisis in various ways, so as to jointly promote the stability of the international financial market and the recovery and growth of the world economy, he said.
"We are confident in Europe and the eurozone, and believe that the EU has the ability and wisdom to resolve the sovereign debt crisis," he said.
At a summit in Brussels last Friday, the EU leaders agreed on establishing a new "fiscal compact" based on inter-governmental treaties rather than the expected EU treaty changes. Britain opted out of the compact.
Under the fiscal compact, member states will have to submit their draft budgetary plans to the European Commission, the EU's executive arm.
