levels of integration
The European Union is expected to achieve higher levels of integration
Reporter: at present the only British country out of the financial contract. In the long term," the contract" signed on European integration on what kind of impact?
Wang Shuo: before the euro zone in front of only two roads: one is the disintegration. But if one member of an exit from the euro, will cause the market to all euro assets distrust, fear to the next, thereby funding from the euro area a rapid withdrawal of the European banks, large-scale collapse, throughout the European economic collapse and threaten the world. And the disintegration of the economic cost is higher than the bailout cost, political years of integration outcomes will disappear in smoke, no one member can bear. Two is the higher levels of integration. That is to say, by accelerating the internal integration, promote internal taxation, welfare system convergence, and solve the original system of chronic disease. At present, the launch of the finance Alliance Program proves that the EU is to choose this path,although difficulty is not little.
Any country must find practical development mode
Reporter: the European debt crisis on China may which effect to produce? We should from the debt crisis and realize some?
Wang Shuo: the European debt crisis to Chinese risk is mainly concentrated in the field of economy and trade. For example, one is the export, the EU is China's largest export market, the economic downturn will be reduced from I import, to our growing negative effects will gradually appear; two is the reserve, the euro as an international reserve currency, the currency by the debt crisis continued wave depreciate, may make our hands in the euro area sovereign bonds and other euro assets losses; three is the financing, some large enterprises from the European bank financing, for the purchase of equipment and raw materials, the European bank credit crunch may damage these enterprise funds chain, which causes the enterprise manages difficulty even closed down.
Based on the analysis of the debt crisis that we can make some reflections. One is both developed and emerging countries, are faced with the competition advantage is lost gradually, must as soon as possible to achieve industrial upgrading, and constantly improve their own competitiveness, promote economic growth, can be in the tide of globalization based on. Two is any country must find the practical mode of development, especially the social welfare system construction must be associated with autoimmune conditions, and with the situation changes constantly reform and adjustment. Three is the area unifinication construction should respect the objective law of. European integration can indeed bring trade facilitation and regional integration, but can't be anxious for success. The euro zone from the beginning of the establishment of inconsistent with economic convergence criteria, but depends on the political will to force, direct access to the highest form of economic alliance -- a monetary union, after 10 years the problem was finally exposed, this result set people thinking
Reporter: at present the only British country out of the financial contract. In the long term," the contract" signed on European integration on what kind of impact?
Wang Shuo: before the euro zone in front of only two roads: one is the disintegration. But if one member of an exit from the euro, will cause the market to all euro assets distrust, fear to the next, thereby funding from the euro area a rapid withdrawal of the European banks, large-scale collapse, throughout the European economic collapse and threaten the world. And the disintegration of the economic cost is higher than the bailout cost, political years of integration outcomes will disappear in smoke, no one member can bear. Two is the higher levels of integration. That is to say, by accelerating the internal integration, promote internal taxation, welfare system convergence, and solve the original system of chronic disease. At present, the launch of the finance Alliance Program proves that the EU is to choose this path,although difficulty is not little.
Any country must find practical development mode
Reporter: the European debt crisis on China may which effect to produce? We should from the debt crisis and realize some?
Wang Shuo: the European debt crisis to Chinese risk is mainly concentrated in the field of economy and trade. For example, one is the export, the EU is China's largest export market, the economic downturn will be reduced from I import, to our growing negative effects will gradually appear; two is the reserve, the euro as an international reserve currency, the currency by the debt crisis continued wave depreciate, may make our hands in the euro area sovereign bonds and other euro assets losses; three is the financing, some large enterprises from the European bank financing, for the purchase of equipment and raw materials, the European bank credit crunch may damage these enterprise funds chain, which causes the enterprise manages difficulty even closed down.
Based on the analysis of the debt crisis that we can make some reflections. One is both developed and emerging countries, are faced with the competition advantage is lost gradually, must as soon as possible to achieve industrial upgrading, and constantly improve their own competitiveness, promote economic growth, can be in the tide of globalization based on. Two is any country must find the practical mode of development, especially the social welfare system construction must be associated with autoimmune conditions, and with the situation changes constantly reform and adjustment. Three is the area unifinication construction should respect the objective law of. European integration can indeed bring trade facilitation and regional integration, but can't be anxious for success. The euro zone from the beginning of the establishment of inconsistent with economic convergence criteria, but depends on the political will to force, direct access to the highest form of economic alliance -- a monetary union, after 10 years the problem was finally exposed, this result set people thinking