Merkel calls for closer EU cooperation to rescue the Euro
Europe must cooperate more closely if it wants the Euro to succeed as its shared currency, and it still has a long way to go to overcome its sovereign debt crisis, German Chancellor Angela Merkel said in her New Year's Eve address.
She said that she would do everything in her power to strengthen the Euro, but that this would only work if Europe learned from its mistakes.
“A common currency can only really be successful if we in Europe cooperate more than we have done,” Merkel said in a pre-recorded televised address.
“Europe is growing together in the crisis” she said. “The path to overcoming this remains long and won't be free from setbacks, but at the end of it, Europe will emerge stronger from the crisis than it went into it.”
Merkel also said that while the German economy was doing well, next year would “without a doubt be more difficult than this one”.
Germany recovered swiftly from the 2008/09 financial crisis, but growth has eased in the last few months and many economists are now forecasting a mild slump for Europe's bulwark economy.
Suggested Stories
-
May 25th 2012
Paraguay proposes India long-term plan to exchange food for investments and technology
-
May 25th 2012
UK deeper in recession; IMF recommends more stimuli measures
-
May 24th 2012
China to take measures to boost demand fearing economy slowdown
-
May 24th 2012
Uninspired EU summit pledges support for Greece, but prepares for “Grexit”
1 comment Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
your mess, you clean it up.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!