French President Francois Hollande has declared an end to the eurozone debt crisis, which has gripped the region for the past four years, reports the BBC.
"What you need to understand here in Japan is that the crisis in Europe is over," he told Japanese business leaders on a trip to the Far East.
Much of Europe is suffering from high unemployment and recession.
As recently as April, there were fears about the future of the euro due to confusion over bailing out Cyprus.
The tiny eurozone state secured a loan package worth 10bn euros (£8.4bn; $13bn) from its EU partners and the International Monetary Fund.
An early proposal to raise money through a levy on all Cypriot bank deposits caused panic in financial markets and was quickly withdrawn. Instead, the island agreed to raise 13bn euros through a tax on large deposits and through banking reform.
Read more of this report from the BBC.