|Page (1) of 1 - 07/31/12||email article||print page|
As crisis deepens across Europe, Italy and France affirm support for the eurozone
PARIS (AP) The Italian and French leaders are affirming their support for strengthening the eurozone, after a lunch meeting in Paris to discuss the continent's economic crisis.
Italian Premier Mario Monti says European leaders cannot "allow their attention to wander for even a minute" away from the currency union, where the number of unemployed was reported Tuesday at a record high.
French President Francois Hollande, standing at Monti's side, said there was significant progress toward strengthening the eurozone in recent weeks a sign that the 17 countries that use the euro continue to want "a currency capable of giving Europe a coherent plan."
Economies across the region face deepening recessions, especially in Spain and Italy, where financial collapse could tear the 13-year old currency union apart and radiate through the global economy.