Speaking at news conference with Germany's Merkel, Italy's Renzi
France's President Francoise Hollande in a press conference with Germany's Merkel and Italy's Renzi is on the wires saying that the European economy needs an extra push. Other comments center on defense. The EURUSD is trading quietly between 1.1311-20 over the last hour of trading.
Below are the headlines from the country leaders:
- Europe must provide for defense
- Defense, development needed for security
- seeks coordination and fight against terrorism
- Reinforce protections needed at EU borders, coasts
- Europe must provide force to national economies
- Europe must serve political goals
Germany's Angela Merkel is in with her own comments:
- EU needs to be ambitious on competitiveness
- Leaders need to work for strong and prosperous EU
- EU's stability pact offers a lot of flexibility
- Fully backs Renzi's courageous reforms
- Italy France and Germany need economic growth in a way that generates jobs. Requires private investment as well
Italy Renzi:
- We think Europe is not the problem, it's the solution
- Immigration is one of the most crucial challenges
The three leaders from Europe's three largest economies are meeting to discuss steps for insuring the viability European Union after recent blows from terrorism and the Brexit vote.
