EU will come out of crisis stronger, envoy says
May 6, 2012
The EU ambassador has said the euro crisis will not cause Europe to retreat from its single currency, but said further economic and financial integration is needed to protect it. The Eurozone crisis has threatened not only the economic stability of the 17-countries within the single-currency union but of all Europe and beyond. As Eurozone countries struggle to overcome soaring debt levels and public deficits, face tough challenges to combat weak banking systems, economic recession and high unemp