Don't miss

Replay


LATEST SHOWS

INSIDE THE AMERICAS

Indigenous peoples: Fighting discrimination

Read more

MIDDLE EAST MATTERS

From Turkey to Iran: (re)inventing kebab

Read more

THE INTERVIEW

Paleontologist Kenneth Lacovara: ‘Dinosaurs were the last great champions’

Read more

THE INTERVIEW

Alan Turing's nephew: ‘A Shakespearean tragedy surrounded his life’

Read more

EYE ON AFRICA

Zimbabwe: Chamisa's lawyers contest election results in court

Read more

THE WORLD THIS WEEK

New US sanctions on Iran: Trump ups pressure after exiting nuclear deal

Read more

IN THE PRESS

‘Space Farce’? Alternative logos for new US military branch flood social media

Read more

EYE ON AFRICA

Zambia accused of illegal handover of Zimbabwean opposition figure

Read more

MEDIAWATCH

#MyCameraIsMyWeapon campaign takes on Iran's mandatory hijab law

Read more

Business

Sarkozy says no turning back from euro

Text by NEWS WIRES

Latest update : 2011-01-27

French President Nicolas Sarkozy dismissed concerns about the euro zone debt crisis at the World Economic Forum on Thursday, saying that France and its European partners would “never turn our backs on the euro”.

AFP -  France's President Nicolas Sarkozy dismissed speculation against the euro Thursday, declaring that he and Germany's Chancellor Angela Merkel would never allow the currency to fail.

"Whether it be Chancellor Merkel or myself, never, never will we turn our backs on the euro. We will never abandon the euro, we will never drop the euro," Sarkozy told the World Economic Forum in Davos.

Watch live streaming video from worldeconomicforum at livestream.com

"The euro spells Europe. The euro is Europe and Europe has spelled 60 years of peace on our continent, therefore we will never let the euro go or be destroyed," he insisted.

"For us, it's not simply an economic issue, it has to do with our identity as Europeans. For those of you who want to bet against the euro, be careful how you invest. We are determined to ensure the strength of the euro."

"It is of such importance that we will be there whenever it needs to be defended. The consequences of it failing would be so cataclysmic that we could never entertain the idea," he declared.

Several eurozone countries are mired in massive public debt, leading some observers to question whether the single currency bloc can hold together, but the French leader has made it clear that this is a political priority.

Date created : 2011-01-27

  • DAVOS FORUM

    Business leaders cautiously optimistic for euro zone

    Read more

COMMENT(S)