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2nd LD-Writethru: China Focus: China ready for bigger part in European debt solu
BEIJING, Feb 14, 2012 (Xinhua via COMTEX) --
Chinese Premier Wen Jiabao said
Tuesday that China has been ready for a bigger part in the resolution
of the European sovereign debt issue.
Wen made the remarks when meeting reporters with European Council
President Herman Van Rompuy and European Commission President Jose
Manuel Barroso after they held the 14th leaders' meeting between
China and the European Union (EU).
He said that China will forge closer communication and
coordination with the European side on the issue.
China's willingness to support the EU in dealing with the debt
issue is firm, the premier said.
China supports the EU in strengthening fiscal discipline, and
hopes the European side will create a positive and favorable
environment to deepen China-EU financial cooperation, Wen said at the
leaders' meeting, according to a press release provided by China's
Foreign Ministry.
At the beginning of the leaders' meeting, Wen said mutual
understanding and joint efforts to deal with difficulties and
challenges were in the common interests of China and the EU.
In a speech at a business summit on the sidelines of the leaders'
meeting, the premier reiterated that as the EU's comprehensive
strategic partner, China supports the efforts made by Europe.
Joint efforts made by the international community in dealing with
the European debt issue are very important for the stability and
recovery of the global economy and international finance, he said.
China supports the important role of major international financial
institutions in addressing the crisis, Wen said, noting that China
remains open and positive about the increase of International
Monetary Fund resources.
China is also considering more involvement in addressing the issue
through the European Financial Stability Facility and the European
Stability Mechanism, he said.
China is confident in the European economy and the euro's
stability and believes that the crisis will be overcome if the EU
stays united, enhances confidence and adopts appropriate policies,
the premier said, noting that the key to solving the problems is the
EU's own efforts.
Van Rompuy said that China's support helped the EU and Eurozone
restore confidence, and they look forward to further cooperation to
strengthen the stability of the Eurozone.
EU member states and institutions are striving to maintain the
financial stability of the Eurozone through reforms and adjustments,
EU leaders said at the leaders' meeting.
A joint press communique was released after the leaders' meeting.
The leaders' meeting had been previously slated for last October,
but it was postponed as EU leaders scrambled to combat the Eurozone
debt crisis.
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