Euro bloc determined to assure stability – Juncker

PARIS, Dec 16 (BestGrowthStock) – Eurogroup Chairman Jean-Claude
Juncker said on Thursday that a two-day European Union summit in
Brussels would show the determination of the bloc’s leaders to
assure financial stability.

He also said the euro zone’s governments had no choice but
to consolidate public finances and he repeated his proposal for
a shift towards a degree of joint bond issuance in the region.

“We will show our desire to do everything to assure the
financial stability of the zone,” Juncker told Frances’s RTL
radio on a day where EU leaders gather to try and agree the next
steps in tackling a year-long debt crisis.

“It’s an important meeting in the sense that after it,
financial markets need to realise that the leaders of Europe are
determined to do everything to make sure the stability of the
euro zone is assured,” said Juncker, who chairs the Eurogroup of
euro zone finance ministers and is prime minister of Luxembourg.
(Reporting by Catherine Bremer; Editing by Brian Love)

Euro bloc determined to assure stability – Juncker