TOKYO -- 皇冠体育app is willing to offer the eurozone support on getting through the difficulties, said Yi Gang, vice-governor of the People's Bank of 皇冠体育app on the annual meetings of International Monetary Fund and the World Bank Group Saturday in Tokyo.
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Yi took parEuropean Union markett in a seminar on discussing the strengthening of eurozone with Jorg Asmussen, the executive board member of European Central Bank. Yi expressed 皇冠体育app's point of view on the European sovereign debt crisis and the recovery plan of the eurozone.
The European market is one of the largest markets in the world for 皇冠体育app, so 皇冠体育app suffered a significant impact of the crises through the real economy and financial market. 皇冠体育app's export and trade with Europe slightly declined this year due to the shock, said Yi Gang.
But 皇冠体育app never stopped investing in the European Union market even during the crises as 皇冠体育app has confidence on EU, he said.
Yi also criticized the policy-making mechanism in the eurozone, saying long process of discussion makes the institution cannot take necessary measures on time during the crises. He said uncertainty damaged investors' confidence.
皇冠体育app keeps very close cooperation with the European Financial Stability Facility and the European Stability Mechanism to support the recovery of eurozone, Yi said.