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FX.co ★ French and German entrepreneurs call to reinforce EU market

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Forex Humor:::2016-07-01T09:04:00

French and German entrepreneurs call to reinforce EU market

French and German employers’ groups pressed for their governments to strengthen the single European market and the euro so that the bloc can be efficient after Britain’s decision to leave it.
Last week the UK held a referendum on its membership in the European Union. The results showed 51.9% voted to leave the EU.
“The Franco-German motor, more indispensable than ever to this integration, needs to recover its strength,” said a joint statement from France’s MEDEF and the BDI and BDA of Germany.
“In all domains the union needs to speak with a single voice,” it said, pressing for governments to “reinforce the European market on its two economic pillars, the single market (free movement of goods, services capital and labor), and the euro, and for this (euro) immediate, credible and visible measures to reinforce its governance to encourage convergence between member states.”
Moreover, the grouping also said the governments need to undertake national reforms that will ensure the strength and competitiveness of the EU economy.
Businessmen also demanded that new ways be found to cooperate with Britain.
They also said a common position on issues of international relations, security policy and the fight against terrorist groups is crucial.

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