Arab Today, arab today eu japan postpone summit over cyprus crisis
Last Updated : GMT 18:21:20
Arab Today, arab today
Arab Today, arab today

EU, Japan postpone summit over Cyprus crisis

Arab Today, arab today

Arab Today, arab today EU, Japan postpone summit over Cyprus crisis

Brussels - AFP

European Union leaders have announced the indefinite postponement of a key summit with Japan intended to launch crucial free trade negotiations next week because of the mounting debt crisis in bankruptcy-threatened Cyprus. \"It is with regret that we have decided to postpone next week\'s EU-Japan summit,\" EU Council and Commission heads Herman Van Rompuy and Jose Manuel Barroso said in a surprise statement late Friday. \"The ongoing efforts to find a solution for the financial situation of Cyprus require our presence in Brussels,\" the pair said, as three separate sources confirmed the staging of a face-to-face meeting of eurozone finance ministers from 5:00 pm (1600 GMT) on Sunday in Brussels. \"We reiterate the importance of EU-Japan strategic relations and would like to thank Prime Minister (Shinzo) Abe for expressing his understanding.\" EU Trade Commissioner Karel De Gucht will maintain his diary date in Tokyo on Monday, the duo underlined. \"We look forward to the rescheduling of the summit at the earliest possible opportunity,\" they added. In Tokyo, a Japanese foreign ministry official said: \"The postponement was unfortunate but we understand the situation. We hope the two will make an effort to stabilise Europe\'s financial system.\" The EU office in Tokyo said De Gucht was expected to go ahead with his planned events, including a meeting with Foreign Minister Fumio Kishida, but it was uncertain if he would act for the EU leaders to launch the trade talks. The EU is feverishly trying to broker bilateral trading agreements with its major global rivals and leading world economies the United States and Japan, but the threat of default and eurozone expulsion for Cyprus has raised the spectre of major contagion across financial markets.

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*

Arab Today, arab today eu japan postpone summit over cyprus crisis Arab Today, arab today eu japan postpone summit over cyprus crisis

 



Arab Today, arab today

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 eu japan postpone summit over cyprus crisis Arab Today, arab today eu japan postpone summit over cyprus crisis

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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