French President Nicolas Sarkozy insists Europe will never give up the euro, despite widespread fears for the currency's future. Economists have voiced worries that ongoing debt crises in Greece, Ireland, Spain and Portugal could spell the finish of the single European currency.
But in an address to the world Economic Forum in Davos on Thursday, Sarkozy explained he believes the euro can survive despite its current difficulties. "We will by no means abandon the Euro. By no means! "Euro spells Europe, the euro is Europe. Europe has meant 60 years of peace on our continent. We'll by no means abandon that."
Sarkozy said the euro was central to European unity. "If Europe has become the world's most stable, most peaceful continent, it is simply because we, our predecessors built Europe.
French President said the euro's member nations couldn't even contemplate allowing the currency to falter. "The consequences of the euro failing could be so cataclysmic, we can not even imagine them, we can't even play with this idea."
