France PM: EU crisis over | Bangkok Post: business

French PM says EU is out of the woods

Published: 6 Feb 2013 at 00.08
Online news:

French Prime Minister Jean-Marc Ayrault Tuesday assured Thai businesses that Europe's monetary problems are behind it and said European economies are on a growth path.

In his remarks to Thai business leaders Tuesday, French Prime Minister Jean-Marc Ayrault said all of Europe's monetary problems have been solved and growth is poised to return. (Photo by Chanat Katanyu)

"I think the atmosphere has eased and the concerns of six or eight months ago are not the same," Mr Ayrault told a Bangkok seminar hosted by the Franco-Thai Chamber of Commerce.

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mrexpat
Post : 132
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Discussion 12 : 06 Feb 2013 at 17.0312
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remember dubai and iceland went bankrupt before greece its not just europe! even California is skint. Its not just europe, thailand also has very big debts!
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boons
Post : 696
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Discussion 11 : 06 Feb 2013 at 13.4011
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These Eurocrats are really becoming a comedy. Nobody in their right mind believes that Europe's problems are anywhere close to being solved. The survival of the Eurozone is entirely questionable. Spain is still in full collapse mode, and France is extremely close. The similarities between Europe and the now failed USSR are amazing -- right down to the unending propaganda.
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onlyasking
Post : 483
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Discussion 10 : 06 Feb 2013 at 09.0510
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Until interest rates have returned to positive rates in real terms, until central banks stop to print trillions, until governments stops banks trading in derivatives and countries start to produce goods again instead of relying on consumption only, nothing has changed. It is said that derivatives are 40 times greater than the value of the global economy and it was created by bankers/traders to increase their income potential.
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bluebottle
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Discussion 9 : 06 Feb 2013 at 08.519
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Dream on.It has only just started with more countries about to need monetary assistance. Grease and Spain are going under and Italy is close behind.All in the name of politics and jobs for the boys.It started out the common market and then the politicians got ideas above its station and remit.The only thing keeping it alive is Germany and the average German has had enough, propping up the sick lame and Lazy.
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dickemery
Post : 874
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Discussion 8 : 06 Feb 2013 at 08.088
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both leaders in complete denial of the realities,that exist in their country,one saying we have a democratic and stable country ,whilst the people of france are leaving their own country,the eu is a diaster,politicans are their own worse enemny and beleive in their own small white lies
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oldexp
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Discussion 7 : 06 Feb 2013 at 08.047
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What the Thais and the French have in common: They like white lies. Makes them feel better (short time)
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Wally
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Discussion 6 : 06 Feb 2013 at 07.486
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On Finance blogs France is tipped as the major economy that is set for collapse. Europe is a debt disaster, only money printing has stopped a complete collapse, money printing can work short term however the long term penalties are worse than having the courage to actually fix the real problems. The Euro doesn't work as the member countries have different paced economies, anyone for Greek, Spanish, Italian, Irish or Portuguese bonds?
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sibley
Post : 167
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Discussion 5 : 06 Feb 2013 at 07.265
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What rubbish only yesterday it was all over the European papers saying the crisis is far from over, it was only last week that the French finance minister said his country was Bankrupt.
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Jules
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Discussion 4 : 06 Feb 2013 at 06.304
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He must have been on a high! and dreaming!

But how I wish, it were true
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oldairman
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Discussion 3 : 06 Feb 2013 at 06.283
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I would say that he is partly correct when he said France is committed to a balanced budget, because it seeks to avoid a debt problem like Greece's.
However France IS part of the EU and has to follow more or less their guidelines. Any group of nations is only really as stong as the weakest members and the stronger nations are committed to help the weaker ones sometimes to their own detriment.
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