The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Latest News
Special> Debt Crisis in Europe> Latest News
UPDATED: December 14, 2011
U.S. More Concerned About Euro Zone's Ability to Contain Crisis: Hillary Clinton

U.S. Secretary of State Hillary Clinton said on Monday that what concerns the United States is not the position taken by Britain, but whether the decisions made by the eurozone countries will work to contain the deepening sovereign debt crisis.

The top U.S. diplomat said that Europe's debt crisis was part of her talks with British Foreign Secretary William Hague, whose visit came at a time when his country is sinking into isolation after vetoing a new European Union treaty.

"We support efforts to enact pro-growth reforms, and we will continue to work closely with our European partners," she told reporters after holding talks with her British counterpart.

She said Britain's new position in Europe does not concern her. "I think that the role that the UK has played in Europe will continue," she remarked. "And our concern has not been over the position that the UK has taken, it's whether the decisions made by other members of the eurozone countries within the EU (European Union) will work, and we want to encourage that."

The Obama administration has been pressing Europe to move with "force and decisiveness" to fight the debt crisis in the eurozone, saying the crisis continues to create a headwind for the global economy.

British Foreign Secretary William Hague stated that his country wants to see the eurozone stabilized, but that "involves far more than simply greater medium-term fiscal integration."

"Important though that is, the markets want to be assured that the firewall is big enough for the eurozone and that banks are adequately recapitalized, that countries like Greece have adequately dealt with the problems," he said.

"We cannot sign a European treaty that does not give adequate protection to the single market in Europe, but we're not changing our relationship with the European Union, and we will work with our European partners over the coming months on the need for the EU to remove barriers to trade, to complete the single market, to conclude free trade agreements around the world," he added.

"These remain the most important way for Europe to compete and address economic problems and generate essential growth," he observed.

Britain decided to reject an EU treaty change last Friday aimed at enforcing stricter budget discipline among member states on the grounds that it does not provide enough safeguards for Britain, angering much of Europe eager to prop up the euro.

(Xinhua News Agency December 12, 2011)

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved