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10/23/08

Guardian.UK: Financial crisis: Asia and Europe must 'swim together', Barroso says - by Tania Branigan

For the complete report from the guardian.co.uk click on this link

Asia and Europe must 'swim together', Barroso says - by Tania Branigan

No one is immune from the economic crisis sweeping the west, the president of the European Union warned today ahead of the opening of the Asia-Europe Meeting in China. José-Manuel Barroso said that the two continents would "sink or swim together", adding that unprecedented cooperation was needed to deal with unprecedented times. "We have to face serious challenges which don't respect any borders because they are global ... no one in Europe or Asia can seriously pretend to be immune," he told a press conference shortly before the opening of the summit in Beijing. "Simply - we swim together or we sink together ... We need Asia to be on board and more particularly countries like China and India. "The eye of the storm was in the US, but it is a global storm and there will be ripple effects all over the world."

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