Arab Today, arab today car industry calls for bold action to solve eu crisis
Last Updated : GMT 21:06:51
Arab Today, arab today
Arab Today, arab today

Car industry calls for bold action to solve EU crisis

Arab Today, arab today

Arab Today, arab today Car industry calls for bold action to solve EU crisis

Frankfurt - Arabstoday

Car industry executives from around the globe urged Europe\'s politicians to take bolder steps to solve the bloc\'s two-year-old debt crisis, warning its single currency could be derailed without more decisive action. The euro was under pressure again on Tuesday with debt markets increasingly pricing in a Greek sovereign debt default and the US government voicing its alarm at Europe\'s inability to get a grip on the crisis. US President Barack Obama expressed his concern in an interview with Spanish journalists published on Tuesday and US Treasury Secretary Timothy Geithner will take the unprecedented step of attending a meeting of EU finance ministers in Poland tomorrow. The leading lights of the car industry, gathered in Frankfurt for the annual auto show, agreed that European policymakers had allowed the crisis to drag on too long. The car industry, with production sites scattered across the continent, has always been one of the strong supporters of the single currency. Before the euro it had to juggle costs and sales in multiple currencies. Ford Europe Chief Executive Stephen Odell said Europe\'s leaders need to act fast. \"My request to the politicians is even if the medicine\'s painful — and there\'s a lot of painful medicine out there — we need to apply it quickly and robustly so we can have a sustainable base.\" Frustration Although they expressed frustration, there was little advice on offer for the politicians as they grapple with the debt crisis, but Odell summed up the views of many. \"I just want to see some agreement, stability and people sticking to that. In business, there\'s nothing worse in life than uncertainty and we\'ve got a whole lot of uncertainty.\" Daimler\'s support for the single currency was undimmed by the crisis but its Chief Executive Dieter Zetsche was clear that if Greece is eventually forced to exit the single currency it should be done in a way that protects the integrity of the bulk of the Euro-zone. \"We are clear proponents for a strong united Europe,\" he said. \"We believe it is the only way to be relevant on a global scale and that is definitely what we are hoping for and voting for. I am really supporting a solution which allows the Eurozone to stay together....Otherwise you just go step by step and that is no choice.\" Solution: Urging clarity Carlos Ghosn, Chief Executive of Renault and Nissan said the key issue for Europe was a sense of clarity. \"You need fundamentally to know if this is one boat or not, and if it\'s one boat, fix it,\" said Ghosn. \"Who\'s inside the boat, who\'s outside the boat and fix it. \"The problem is that uncertainty at this level is going to generate more damage than even taking a solution, even if it\'s not the perfect solution.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today car industry calls for bold action to solve eu crisis Arab Today, arab today car industry calls for bold action to solve eu crisis

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday