The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China. – Laurent Fabius
The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport. – Laurent Fabius
For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date. – Laurent Fabius
The fact that were going through a crisis is an opportunity for Europe to be more coordinated and more integrated. Were actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe. – George Papandreou