Breaking News

Asia Today ISSN 1861-4604 Friday, October 20, 2017

Headline

Leaders of euro zones biggest economies back multi-speed Europe

Leaders met at the palace of Versailles

Share on Facebook March 7, 2017, Reporter : Trend, Reader : 447

news

The leaders of the euro zone's four biggest economies threw their weight behind a multi-speed Europe on Monday as the European Union ponders a future without Britain, Reuters reported.> Trend

The leaders of France, Germany, Italy and Spain met at the palace of Versailles to prepare for a March 25 EU summit in Rome marking the 60th anniversary of the Treaty of Rome, which paved the way for European integration.

The event has been overshadowed by a series of crises for the EU, including Britain's shock vote to leave, financial trauma and how to handle migration flows.

EU founder members France, Germany and the Netherlands all hold elections this year in which anti-EU and anti-immigration parties hope concerns over security and immigration will help them to gains that could reshape the continent's politics.

French President Francois Hollande called for unity among the remaining 27 EU members in the wake of Britain's vote to leave, but said this did not mean uniformity.

He called for new forms of cooperation to allow some EU countries to push ahead more quickly in areas such as defense, deepening of economic and monetary union or tax harmonization.

German Chancellor Angela Merkel, standing alongside the other three leaders, said the EU risked running into trouble unless it allowed members to participate at varying levels of intensity.

"We need to have the courage for some countries to go ahead if not everyone wants to participate. A Europe of different speeds is necessary, otherwise we will probably get stuck," Merkel said.

"If Europe gets stuck and doesn't develop further, then this work of peace may run into danger faster than one might think," she said.

EU chief executive Jean-Claude Juncker, who last week presented options for reforming the bloc that will be discussed at the Rome summit, has spoken positively of some states pushing ahead more quickly with integration.

But some governments, especially in the poorer east, fear this could entrench divisions to their disadvantage.

Speaking in Versailles, Italian Prime Minister Paolo Gentiloni also backed different levels of integration to allow Europe to provide different responses to different ambitions.

Spanish Prime Minister Mariano Rajoy said Spain was ready to go further with integration "with all those that wish to pursue that integration".

"In my opinion, it is necessary to complete the banking union ... it is essential to deepen the coordination of economic policies to make our economies more competitive,” he said.

 

More Euro Asia news of the month

Photos Catalonia refuses to reveal plans, seeks talks with Madrid

MADRID, Spain - Faced with mounting pressure from all sides ahead of the deadline set by Madrid for clarifying if Catalonia has declared...

Photos Catalan leader headed for a paradigm-shifting future?

MADRID, Spain - Faced with a tough and defining choice between a bold future that will change the paradigms set over decades or sticking...

Photos Berlin Probe: Christmas Market Attacker Could Have Been Thwarted

BERLIN - The Tunisian man who carried out last year's deadly truck rampage at a Christmas market in Berlin could have been detained...

Photos Thousands calling for Spanish unity rally across the country

MADRID, Spain - Thousands calling for unity in Spain took to the streets on Sunday, following the wide split in the nation due to the...

Photos Macron, ’President of the rich’ sparks political furore

PARIS, France - The French President Emmanuel Macron got into more trouble on Thursday after he accused some disgruntled workers of...

Photos Germany pushes U.S. to participate in talks with Iran

BERLIN, Germany - Urging the United States against pulling out of the multilateral Iran nuclear deal, Germany along with other European...

Photos Chaos reigns: Spain moves to prevent Catalonia referendum

BARCELONA, Spain - Vowing to stop Catalonia's independence referendum, which was declared illegal by the country’s...

Photos Man shouts Allahu Akbar, stabs two women to death in France

MARSEILLE, France - In what is feared to become yet another incident in the string of terror attacks that France has faced over the last...

Photos For the first time ever, whole of Paris goes car-free

PARIS, France - For the first time ever, after previously experimenting with car-free days, Paris has marked its annual car-free day,...

Flying Reimagined

Stock Index

Friday, October 20, 2017

Life Style

Photo Gallery

FEUILLETON