InfoAnda - Don't turn away from euro, French PM tells Japan investors

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Greek man shoots two, takes hostages over layoff | | 2 March 2012
Riding surge in support, UK's third party in spotlight | | 22 April 2010
EBay and Craigslist square off in Delaware court | | 8 December 2009

Google to hold Android event in early January | 30 December 2009

Forum Views () Forum Replies ()

Read more with google mobile : Don't turn away from euro, French PM tells Japan investors

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Don't turn away from euro, French PM tells Japan investors AFP - Saturday, July 17 Send IM Story Print Don't turn away from euro, French PM tells Japan investors TOKYO (AFP) - – French Prime Minister Francois Fillon urged Japanese investors Friday not to shun the euro despite the recent crisis triggered by Greece's debt woes. He also pressed Japan to abolish market barriers for European goods, including new medicines and railway products, before working toward a possible Japan-EU free trade pact. "It is not in Japan's best interest to turn away from the euro," he told a group of business leaders in Tokyo, saying that the single currency had been stabilised through concerted EU action. "True, there is no doubt that the eurozone has gone through the most serious crisis in its history," said the French premier, on a two-day visit to Japan, which was the leading Asian investor in France in 2009. But he argued that there is nothing inherently wrong with the single currency for 16 member-states of the 27-nation European Union. "Was the crisis caused by the single currency? Absolutely not," he said. "We have witnessed a classic sovereign debt crisis with badly managed public finances." Fillon stressed that Europe, including powerful players France and Germany, is united and working closely together to stabilise the currency and reform public finances. "I think we can say that every time there has been a crisis, Europe has actually come out stronger from all these difficulties," he said. He openly thanked Japanese companies in France, such as leading carmaker Toyota and electric-heavy industry giant Toshiba, for providing jobs and long-term economic benefits in his nation. But the words of appreciation came as Japanese investors have rushed to dump European assets on worries over the region's fiscal debt crisis. Euro-denominated assets held by the nation's publicly offered mutual funds tumbled 37 percent in the first half of this year, the Nikkei business daily said this week. The premier said France supported a new tax on high-risk financial activities to lower systemic financial risks. Fillon also assured his audience that he had "no concerns about the course of the euro in the short and medium term," adding that its current level matched "the economic reality" of the eurozone economy. But he said consultation among Europe, Japan, the United States and China should be tightened when currencies move rapidly. The euro has recovered against the dollar as the greenback has been dragged down by fears of a US slowdown following disappointing economic data. The euro bought 1.2911 dollars in Tokyo on Friday. Fillon said France was "open" to a free trade pact between Japan and the EU, but only after Tokyo brings down non-tariff trade barriers. The United States and European nations have long pressed Japan to open its market more to foreign competition. Food processing safety standards and procurement rules for the railway sector, and rules on medicines and vaccines, "differ noticeably from international standards," he said. "On all of these matters, we wish to see rapid and tangible progress," he said. "We are convinced that the Japanese, not only as consumers, but also as taxpayers and industrial partners, will be better off for it." Recommend Send IM Story Print Related Articles Mitsubishi Heavy, UK firm to make wind turbines-Nikkei Reuters - 26 minutes ago US-BUSINESS Summary Reuters - 31 minutes ago Soros says financial reform "good" but "too early" Reuters - 32 minutes ago Faltering consumers and weak revenues pound Wall Street Reuters - 33 minutes ago US STOCKS-Faltering consumers, weak revenues pound Wall St Reuters - 34 minutes ago News Search Top Stories Oil spill compensation claims top 200 million dollars: BP GE notches first profit jump since financial crisis Citigroup profit dips but firm still in black Euro hits $1.30 for first time since May 10 Goldman Sachs agrees record $550m fine More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Penelope Cruz, Javier Bardem tie the knot Putin takes Van Damme to ultimate fighting match Obama's daughter to attend summer camp June Earth's hottest ever: US monitors No oil flowing into Gulf as test starts: BP More Most Viewed » Reclusive top mathematician turns down prize, again Germany's 'Octopus oracle' keeps perfect record Who's right - the dolphin or the octopus? 3 Russian spy suspects due in US court More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 17 July 2010
Foreigners among 30 dead in Iraq hotel blaze
'Yorkshire Ripper' must die behind bars: British court
Jundollah bombs kill 28 in Iran, guards among dead
US-TECH Summary
Euro hits $1.30 for first time since May 10
Oil spill compensation claims top 200 million dollars: BP
GE notches first profit jump since financial crisis
Two US men jailed up to 38 years for child pornography
Venezuela slams Colombia rebel charges |
Citigroup profit dips but firm still in black
Jobs apologizes for iPhone problems, to offer free cases
TV, digital operations give Gannett a boost
World simmers in hottest year so far |
Japan's Sharp to release biggest-capacity disc
Taiwan's TSMC to invest over $9 billion in plant
Venezuela exhumes hero Bolivar's bones for tests |
Drug cartel responsible for deadly Mexico blast: army |
Google shares down as results fall short
Scotland denies BP link to Lockerbie bomber release |
US Senate votes to extend space shuttle program
Australia beat Pakistan in first Test
NATO not winning Afghan hearts and minds: poll |
146 dead in China rainstorms and floods: state media
U.S. spies for Cuba get life, 6-3/4 years in prison
Yang slides back at British Open
Photos 'show Himalayan glaciers receding'
Australia beat Pakistan by 150 runs in first Test
China says chemical in McNuggets within limits
Priest barred from Swiss gay pride festival
US-ENTERTAINMENT Summary
China pares US government debt holdings
British viewer wins role in Aussie soap
Don't turn away from euro, French PM tells Japan investors
Malaysia cuts subsidies in surprise move
New York races to uncover Ground Zero mystery ship
Price hike for Nano, world's cheapest car
Buddha relics to be exhibited in Geneva: organiser
French court jails gang for faking Picassos
Swiss bank to open vaults holding Kafka works: press
Kolkata landmark threatened by spit
X-ray reveals Da Vinci's light touch on Mona Lisa
'Wind of Change': Karaoke at Berlin Wall park
U2 is world's top earning band: survey |
Tom Jones sings the gospel on Praise & Blame |
Miranda Cosgrove talks movies, music and iCarly |
Iran blames West, Israel for suicide bombings
Blast kills 2 NATO troops in southern Afghanistan
Scandals spell trouble for Gibson's tarnished star
Mexico blames drug cartel for deadly car bomb |
Afghan soldier's motive for killing Brits unclear
AIG to pay 725 million dollars to settle US fraud lawsuit
Google buys database company Metaweb
NATO not winning Afghan hearts and minds: poll |
Omega imbalance can make obesity 'inheritable': study
Militants kill 5 in NW Pakistan convoy attack |
Fidel Castro appears again, warns of war |
Taiwan agents jailed for spying for China: report
Cambodia hosts large-scale peacekeeping drill
Australian PM calls election, battle lines drawn |
Two dead in China as Typhoon Conson calms
Chavez says may break Colombia ties in rebel spat |
Militants kill 5 in NW Pakistan convoy attack
Global Weather-Celsius
Australian PM calls poll, vowing to 'move forward'
U.S. citizen labelled an al-Qaeda leader in Yemen
Australian PM calls election for August 21
Australia PM all but confirms election to be called
Hmong activists protest US engagement on Laos
Typhoon Conson reduces to storm on way to Vietnam
Australian PM Gillard announces Aug 21 elections
Indian court says Hindu gods can't trade in shares
New railway between Narita airport and Tokyo opens
Taylor-King tour hits right note for fans and business
Defiant Jobs stands by iPhone 4, dishes out cases |
Justin Bieber claims Lady Gaga's YouTube throne |
DR Congo children quit school for mines
Trace Adkins "Back in Town" with renewed energy
"Spider-Man" role presents opportunities for bands
First gay marriage in Argentina set for August 13
Lindsay Lohan attorney says actress will go to jail
Justin Bieber claims Lady Gaga's YouTube throne
Cast rises above indignities of "Dinner"
'West Wing' director plans John Edwards movie: report
Justin Bieber gets new comic book |
Taylor-King tour hits right note for fans and business |
Spider-Man role presents opportunities for bands |
Cast rises above indignities of Dinner |
Trace Adkins Back in Town with renewed energy |
Justin Bieber claims Lady Gaga's YouTube throne |
Riots hit French city after man killed by police
Iran Guards warn U.S. of "fallout" over bomb attack
Paris Hilton caught with cannabis in handbag
Russia signs key gas agreement with Bulgaria
Abbas clarifies terms for direct Mideast talks |
Iran Guards warn U.S. of fallout over bomb attack |
Typhoon weakens after China and heading for Vietnam |
Sudan army: 300 rebels, 75 troops killed in Darfur
Abbas clarifies terms for direct Mideast talks
'Two NATO soldiers killed in Afghan attack'
Roadside bombs kill 4 NATO troops in Afghanistan
Sudan army: 300 rebels, 75 troops killed in Darfur |
Roadside bombs kills 4 NATO troops in Afghanistan
Moderate quake strikes off Taiwan
Merkel faces loss of another CDU state leader |
At least 67 dead as Typhoon Conson weakens in China
Bettencourt wealth manager says met with politician |
Kashmir under curfew after days of unrest
Wildfires near Athens spread and threaten homes |
S.Korea develops long-range cruise missile: report
World's oldest opera singer dies at age 98
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01