Hollande: Europe’s identification in danger from economic downturn

France Leader Francois Hollande says economic downturn is currently “intimidating the very identification of Europe”.

Talking at a news meeting in Paris, he said the economic crisis was right now manageable and “at the rear of us” but “what exactly is striking Europe is a economic downturn… triggered by the austerity policy”.

Mr Hollande was talking after numbers revealed France to be back in economic downturn.

He explained he’d press to the development of a eurozone financial authorities with a actual leader, to satisfy each month. Read more [+]