EC president assures China over eurozone prospects
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Macroeconomic fundamentals in the eurozone are ‘sound’, Herman Van Rompuy told delegates at the EU-China Business Summit today.
Van Rompuy, the president of the European Council (EC), addressed delegates at the annual summit in a speech designed to attract Chinese investment to the eurozone.
His speech attempted to portray a strong economic environment which is in need of greater levels of foreign investment:
“The euro remains a solid currency trusted by investors all around the world…The very existence of the euro avoided competitive currency devaluations and currency market turmoil inside Europe when the crisis hit us in 2008.”
“To create new jobs, we also want to improve the EU’s trade performance and attract more foreign investment. Simply put, if Europe wants to grow faster it needs to enhance trade and investment relations with regions that have a strong growth potential,” he says.
Both sides reportedly reaffirmed their commitment towards an active process of multilateral trade liberalisation and opposition to trade and investment protectionism, while China offered continued support for the EU integration process.
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