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Wen: I am confident in Euro economy

By Cheng Guangjin (China Daily)

07:58, August 31, 2012

China will continue to invest in the EU treasury bond market and enhance communication and coordination with the EU to help the debt-stricken bloc to get out of trouble, Premier Wen Jiabao said Thursday.

Wen made the remarks after holding bilateral talks and co-chairing the second China-German intergovernmental consultation with visiting German Chancellor Angela Merkel.

During their joint press conference, Wen stressed that the way out of the eurozone crisis is to find a balance between fiscal austerity and stimulating the economy.

He also said Germany has played an important role in resolving the issue.

Wen said after Merkel updated him on the measures being undertaken to resolve the crisis, his confidence in the European economy, euro zone and the euro increased.

Merkel said the EU has the political will to make the euro a stable world currency.
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