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10/31/05

AxcessNews.com - Britain and France Vow to Boost EU Economy

AxcessNews.com

Britain and France Vow to Boost EU Economy

British Prime Minister Tony Blair and French President Jacques Chirac discounted their differences over budget issues of the European Union at meeting in Paris Friday. The two EU leaders focused instead on how the UK and France could promote new initiatives to boost the European economy. Blair and Chirac agreed that the focus of informal summit of EU leaders later this month should be on how Europe meets the challenge of globalisation. Blair initiailly looked at the upcoming summit as an opportunity to promote his recent call for European economic modernisation, in consideration of Germany's centre-right would win a clear victory in last month's German elections. With Germany's election stalemate Blair's view towards the EU summit would have to change. The summit is set to take place at Hampton Court, outside London. Chirac told Blair that EU leaders attending the summit should not be debating rival models for the European economy.

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