Bloomberg News

Baroin Says Euro Accord Will Allow for Economic Recovery

October 27, 2011

Oct. 27 (Bloomberg) -- French Finance Minister Francois Baroin said the “difficult” agreement reached by European Union leaders on tackling the region’s debt crisis will bolster confidence and pave the way for economic recovery.

“This will stabilize both the euro zone and global growth,” Baroin said today on RTL radio. “This was an incredible systemic crisis that we have passed. The instability of the euro raised doubts about the American economy. It raised problems in China, in Russia. It raised questions in Brazil. All these economies are integrated. One sick child and the whole family gets a cold. That’s why we had to find a solution.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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