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InterviewsJanuary 2 2013

Luxembourg finance minister: Europe’s need for integration

Luxembourg’s finance minister Luc Frieden talks to Brian Caplen about solving Greece’s financial problems, the prospects for a European banking union and the need to find balance in financial regulation. 
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Luxembourg finance minister: Europe’s need for integration

Q: A new deal on Greece was put together by eurozone finance ministers and the International Monetary Fund [IMF] in November 2012. What are its chances of success?

A: We have to see this as a process of making sure the eurozone remains a stable monetary union. Instability is always bad, whether it be political, monetary or economic, so our goal is to make sure there are no major casualties in either the eurozone or the EU. That is the main goal.

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