Despite record unemployment in the continent, anemic growth at best and a manufacturing sector in contraction, French President Francois Hollande said this weekend that the euro zone crisis is over.
"What you need to understand here in Japan is that the crisis in Europe is over," he told an audience of business leaders organized by the Nikkei media group in Japan on Saturday.
Speaking on the last day of a three-day state visit to Japan, Hollande added: "We have used various measures to address weaker nations. Member nations have tried to restore fiscal health. We have also established a banking federation. Due to these efforts, yields in the euro zone have dropped dramatically and we have been able to restore confidence among investors."
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