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Europe to cooperate with China for financial stability


08:50, February 16, 2012

BEIJING, Feb. 15 (Xinhua) -- European Council President Herman Van Rompuy said Wednesday that the European side will consult and cooperate with China in a concrete way to ensure the financial stability of the eurozone.

Together with European Commission President Jose Manuel Barroso, Van Rompuy delivered a speech and attended an opening ceremony for the "Currency for Europe" exhibition, which was held at the Beijing-based University of International Business and Economics.

Throughout the eurozone debt crisis, "we have appreciated the constructive Chinese reaction to the challenges we face," Van Rompuy said.

Europe and China share a wish to live in a multi-polar world, Van Rompuy said, stating that Europe highly values China's confidence.

Barroso, who also spoke at the event, quoted the Confucian saying "within the four seas, all men are brothers" to describe Europe's economic position in relation to other economies.

Barroso said the economies of the EU and China have become more closely linked in recent years, confirming the need for common analysis and joint actions by both sides to deal with fundamental challenges.

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