car industry calls for bold action to solve eu crisis
Last Updated : GMT 04:43:03
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.\"

arabstoday
arabstoday

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*

car industry calls for bold action to solve eu crisis car industry calls for bold action to solve eu crisis

 



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*

car industry calls for bold action to solve eu crisis car industry calls for bold action to solve eu crisis

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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