Japan, France to coordinate for euro economy.

Japan, France to coordinate for euro economy.

Continuing  fiscal turmoil has plunged stock market across the globe,Europe is panic stricken with fear of stagnated  stagflation finding means to combat fiscal crisis to spread to developed nation  Italy ,Spain and Portugal with severe impact on global trade.

Leaders debate on austerity or growth but most leaders plank is austerity for growth in infrastructure works which brings the wheel of economic growth back on tracks.Economic growth is necessary for financial recovery.

Japan and France agreed to cooperate in efforts to stabilize the European economy.

Two Great giants Japan, France have assured to coordinate for euro economy.Foreign ministers of the two countries, Koichiro Gemba and Laurent Fabius, met in the United States on Sunday, on the sidelines of the NATO summit.

Japan the leading Far east country with robust economy is the leader in innovation and creativity can play decisive role in easing fiscal euro crisis.

Japan Foreign minister Gemba told Fabius that Japan will try to help prevent the eurozone credit crisis from spreading if the eurozone countries can work together to this end.

Fabius replied that economic growth is necessary for fiscal reconstruction, and that France will study ways to achieve it.

On an economic partnership agreement between Japan and the EU, Gemba asked for help in getting negotiations started soon. Fabius said France will cooperate with Japan after looking at what kinds of problems are being discussed.Two Leaders also agreed to prepare for a strategic dialogue in France later this year.