Finland Times

 

President Sauli Niinistö on Sunday said the European Union countries were passing through a financial crisis and all the countries should deal the issue with the view to find out an amicable solution.

The Finland president, now in China on an official visit, made the remarks in a public forum, when he held the EU management system responsible for not dealing with the crisis properly. 

Heads of state of different Asian countries, persons of economic influence, including Microsoft founder Bill Gates, and economic experts from across the globe took part in the forum.

Niinistö said the financial debate had proved disappointing and was dragging on to a wrong direction.

Other than introducing new policies, building up internal confidence and compliance with the existing rule can be effective in resolving the crisis, he observed.

The president said the EU was yet even to recognise the crisis completely but the extent of economic difficulties should be recognised first before going for a solution.

He termed a peaceful atmosphere a precondition for any congenial development and drew the attention of Chinese President Xi Jinping to the issue, saying his country intended to continue with progress under the leadership of the present administration. 

The Finland president appreciated China for managing to raise a large group of people out of poverty and said the country at the moment intended to continue with the progress under the leadership of Jinping.

The Chinese president in his speech said that the financial crisis of other countries needed to solve to operate and Asia is operating such the way.

The Chinese president said as per an economic forecast, China would emerge as a global economic power exceeding the United States of America within the next few years. 

Niinistö during his visit to China is scheduled to hold meetings with Chinese Premier Li Keqiang and directors of the Central Bank of China and development banks before his departure on Wednesday.