EU's Schulz calls on new leaders to help stabilize euro

Perspective

European Parliament President Martin Schulz has high hopes that China's new leadership will renew its commitment to a stable euro and strengthening Sino-EU economic interdependence.

"China, under new leadership, should take enormous responsibility for the stabilization of global currencies such as the euro," Schulz said, urging China, with the highest amount of foreign reserves in the world, to help stabilize the European currency.