Britain’s Prime Minister identified segregation and separatism as key issues behind the threat of Islamic extremism and called for a “shared national identity”.
Speaking at the Munich Security Conference PM Cameron stressed the difference between Islam as a religion and Islamic extremism as a political ideology, and said that Western countries need to confront extremism rather than practice a “hands-off tolerance”.
European leaders and business people met on Thursday at the World Economic Forum in Davos, Switzerland. President Sarkozy said both he and German Chancellor Angela Merkel were firm in their commitment to the European single currency.
Chancellor Angela Merkel stressed Germany's commitment to the Euro in her New Year message to the country last week.
German Chancellor Angela Merkel said the Euro is the glue that holds Europe together, signalling that an Irish bailout may be the price of preserving European unity.
“Argentina seeks to service all its debts” said President Cristina Fernández de Kirchner following a meeting with German Chancellor Angela Merkel at the chancellery in Berlin. Mrs. Kirchner is on a three day high profile visit to Germany where she also met with President Christian Wulff in Berlin’s Bellevue Palace.
Chinese Premier, Wen Jiabao, has said that China will continue to invest in European markets, despite the debt problems affecting many Euro zone countries. He was speaking in Beijing alongside the German Chancellor, Angela Merkel. She described his pledge as an important signal that China has confidence in the Euro.
German Chancellor Angela Merkel's party and its coalition allies have been defeated in regional elections in North Rhine-Westphalia, projections suggest. If confirmed, this would see Ms. Merkel's national coalition lose its slim majority in the upper house of parliament, the Bundesrat.
Leaders of the 16 EU member states that use the Euro have approved a 110 billion Euro loan to Greece to prevent its debt crisis from spreading. European Commission President José Manuel Barroso said the Eurozone would do whatever it took to safeguard Greece's financial stability. In return for the three-year loan, Athens must cut public spending.
European Central Bank president Jean-Claude Trichet faced down pressure for new moves to shore up the weakest Eurozone countries, but kept options open even as he said Spain and Portugal were “not Greece”.
Germany's cabinet has approved its contribution to the Eurozone and IMF bailout of Greece. The German parliament is set to pass the legislation later this week to allow its loan—worth 22.4 billion Euros over three years—to be paid.