EU determined to ensure eurozone financial stability

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The European Union is "resolutely determined" to ensure the financial stability of the eurozone, EU President Herman Van Rompuy said Wednesday.

"We are resolutely determined to guarantee the financial stability of the eurozone, the stability of the eurozone is also vital for the world economy," he told reporters after a meeting with Swiss President Micheline Calmy-Rey in Zurich.

Among topics raised during the discussions were bilateral relations between Switzerland and the European Union, as well as the eurozone debt crisis.

Calmy-Rey also signaled Switzerland's support for Brussels in its fight to contain a public debt crisis, saying that it is in Bern's interest that solutions are found "as the crisis is impacting our country on several counts."

European stocks closed sharply lower Wednesday over fears that Italian Prime Minister Silvio Berlusconi's decision to resign spells months of political uncertainty for Italy.

© 2011 AFP

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