Seminar on Euro crisis and Europe’s future
A seminar was co-organised by the Vietnam - Germany Friendship Association (VGFA) and Germany’s Friedrich-Ebert Stiftung (FES) in Hanoi on July 3 to discuss the Euro crisis and the future of Europe.
Hoang Van Huay, Vice President of the VGFA, spoke of the public debt recession in Europe and its impact on the European Union (EU) member countries.
The global economic crisis, he forecast, is likely to ease off in the second half thanks to stimulus packages adopted many countries.
Prof. Christa Randzio-Plath, President of Germany’s Marie-Schlei Association, analysed the monetary crisis as well as the future of currencies in the world, particularly the prospects of the Euro – the currency of connectivity in Europe - as well as the entire Europe and the European Banking Union.
The professor said the global economic and financial crisis has not only put the EU in a difficult position, but also posed new challenges to the union.
According to the scholar, it is necessary to establish a social alliance apart from the economic and monetary alliance to boost EU solidarity.