Maria Fekter as Austrian finance minister said to CNBC that the collapsing of the euro will not give profit any of the 17-member currency zone?s members and the euro zone countries have to concentrate on getting their finances and for restoring stability. A meeting of European finance ministers is a crucial summit of EU leaders on December 9, Fekter has said France and Germany did not approve on all of the topics on the agenda for the summit.
Fekter said that she thinks they have to prepare a really vicious program. The summit is purposed to discuss potential changes to the EU treaty to find out a lasting solution to the euro zone debt crisis. ?We must have better coordination and have more fiscal discipline. All those countries which have had debt problems have to do their homework,? Fekter argued.
She added that Europe?s finance ministers will work hard to overcome a breakdown of the euro. ?A breakdown was just to the benefit of those which were speculating on the breakdown. It didn?t help the population, it didn?t help the state, it didn?t help the politicians, ? Fekter told. She said that no one wanted to create a crash or a breakdown, an unstable situation such a credit default. So, we are trying to stabilize this now.
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