Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

Read more

IN THE PAPERS

Coverage of the plane crash that took 116 lives - almost half of them French

Read more

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

  • Live: ‘No survivors’ from Algerian plane crash, says Hollande

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Wreckage of Algeria plane found in Mali

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

  • Air Algérie crash: 'We should eliminate the missile hypothesis'

    Read more

  • Italy’s Nibali cruises to victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

France

Eurozone 'very near' to end of crisis, says Hollande

Latest update : 2012-10-18

French President François Hollande told European newspapers on Wednesday that the end of the eurozone crisis was “very near” but stressed that decisions on Greece made by EU leaders in June must be implemented "as soon as possible".

French President François Hollande said Wednesday that an end to the eurozone crisis was "very close".

The French leader said in an interview with six European newspapers that EU leaders had established the basis for recovery, with commitments made to cutting the deficit and debt levels at a summit in June.

"We are near, very near, to an end to the eurozone crisis," Hollande said, adding that decisions taken at the last EU summit in June had to be implemented "as fast as possible".

"Firstly that means resolving definitively the situation of Greece, which has made so many efforts and must be assured of remaining in the eurozone."

Favours eurobonds

Hollande added that the EU also had to ensure that other countries, which had made painful efforts to reform their finances, were rewarded with lower interest rates. The French president reiterated that he favoured a partial pooling of debt through eurobonds.

Hollande was speaking to journalists from six centrist and left-leaning European newspapers: France’s Le Monde, Britain’s The Guardian, Spain’s El Pais, Poland’s Gazeta Wyborcza, Italy’s La Stampa and Germany’s Süddeutsche Zeitung.

He stressed the need for Franco-German coherence as the "accelerating" force of the EU. "It can be the brake if it's not in step,” he added.

The French leader also emphasised that he wanted to see progress towards eurozone-wide regulation of the banking sector before the end of the year as a prelude towards greater shared decision-making in all areas of economic and monetary policy.

Deeper union from 2013?

"We can then begin changing our decision-making methods and the deepening of our union. This will be the big area to work on from the beginning of 2013."

But he said France only would support closer political union in the European Union after the 2014 European Parliament elections.

Hollande will join his EU counterparts at the first of three pre-Christmas summits on Thursday.

(FRANCE 24 with wires)

Date created : 2012-10-17

  • FRANCE - AFRICA

    Hollande hails ‘new chapter’ between France and Africa

    Read more

  • EXCLUSIVE INTERVIEW

    Hollande says terrorist cells in France will be eliminated

    Read more

  • FRANCE

    France's Hollande promises pupils ‘no more homework’

    Read more

COMMENT(S)