Wen: China to consider more involved in resolving debt problems in Europe

2 February, Chinese Premier Wen Jiabao held a welcoming ceremony in Beijing Great Hall of the German Chancellor Angela Merkel’s visit to China. China news agency reporter Liao Panshe
2 February, Chinese Premier Wen Jiabao held a welcoming ceremony in Beijing Great Hall of the German Chancellor Angela Merkel visit to China. China news agency reporter Liao Panshe

China news agency, Beijing, February 2 (Reporter Zhang Shuo) – Chinese Premier Wen Jiabao at the Great Hall 2 pm held talks with German Chancellor Angela Merkel . The two prime ministers focused on the European debt problems frank and constructive exchange of views.

Wen said the current world economic situation is still grim background, the resolution of the European debt problem is very urgent and important. The Chinese side attaches great importance from a strategic and overall European debt issue, and support to maintain the euro’s stability, the European economy and the euro have confidence, believe in Europe as the world’s most important position is not changed.

Wen said that to solve debt problems in Europe, the EU’s own efforts are based, is also key. China supports the EU response to the efforts of the debt crisis. The EU as a whole, in addition to emergency relief measures, should continue to promote fiscal and financial aspects of the mechanism, structural and fundamental reform of the international community to deliver a consistent, clearer and problem-solving ideas. Heavily indebted countries according to their national conditions, make a determined effort, the implementation of appropriate fiscal measures. Meanwhile, the international community should join hands to deal with debt problems in Europe. China supports the IMF and other international financial institutions play an important role, is ready to strengthen communication, co-development of effective countermeasures. China is also considered by the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM) and other channels in Europe more involved in resolving debt problems.

Wen Jiabao pointed out that the solution ultimately depends on the European debt problems and to achieve sustainable strong economic growth. Central Europe as the world’s major economies and major trading partners, to oppose all forms of protectionism, expand mutual investment, deepen cooperation in the field of high-tech and emerging industries of cooperation, and take the road of common development and prosperity.

Merkel on European economic situation and respond to the latest developments in the European debt problems. She said the EU side is taking a positive response, efforts to reduce the deficit, increase economic competitiveness and coordination between Member States to maintain stability of the euro. EU appreciated China’s valuable support, Germany is ready to strengthen communication and cooperation with China. China will maintain rapid economic growth in Europe, German companies to provide more opportunities for the German side welcomed Chinese enterprises to expand investment in Germany, China will continue to open markets.

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