Euro crisis, Indonesia and the European Trade Up Instead

Viva News - EU Ambassador to Indonesia, Julian Wilson, asserts the financial crisis in the euro area has no major influence on their relationship with the partner countries, including Indonesia. The EU's trade relations with Indonesia would develop in the middle of crisis.

"Last year, in the midst of crisis, the euro-zone grew the European Union and Indonesia trade 23 percent. So, in the midst of crisis, when the trade volume is expected to decline, the trade relations between the two sides actually increased," Wilson said in a press conference in Jakarta today.

Surplus Indonesia on the European Union is greatly increased. Wilson confirmed the level of European companies that went flat in Indonesia last year, not rising. Many European companies have to invest any additional funds in foreign countries. "But the EU is still considered a major investor in Indonesia, more than 3 billion euros," said Wilson.

British diplomats do not deny that the recent debt crisis concerned the union of 17 Member States with the euro, the European Union. He explained, however, it was solid enough measures to overcome them.

"The medicine is already here. The European Union have agreed with the IMF that crisis fund for countries in the euro zone are paid difficult. But the move was also supported by reforms and austerity measures that the country be run should be accompanied," Wilson said.

Appear to be confidence in the market for corrective action began. "We did not get out of the rain forests of the crisis. But the solution has been achieved," he continued.

The recovery process is in fact a nervous breakdown-crisis, but he is optimistic that can be passed. "The resistance will be tested hard €. If successfully passed, it will go well," said Wilson