Last Update 22:5
Tuesday, 16 July 2019

Merkel calls for 'more Europe' as response to crisis

Angela Merkel calls for more powers to be transferred to the European Commission as a response to the debt crisis that threatens to tear apart the eurozone

AFP , Thursday 31 May 2012
Merkel
German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso visit Oceaneum during the "Council of the Baltic Sea States" leader summit in Stralsund, Thursday (Photo: Reuters)
Share/Bookmark
Views: 575
Share/Bookmark
Views: 575

German Chancellor Angela Merkel spoke to reporters on Thursday where she said she shared the opinion of EU President Herman Van Rompuy and European Commission head Jose Manuel Barroso that Europe and the eurozone needed to be "further developed."

"I have always said we need more Europe and that will as a consequence mean that more competences are given to the European Commission," Merkel said after a Baltic Sea summit.

"Therefore, I expressly welcome that the Commission set out recommendations for the various countries yesterday," she added.

On Thursday, the European Commission pleaded for a tighter eurozone union to avoid "disintegration," a day after it pressed France to respect deficit pledges while offering Spain more breathing space.

Merkel said that the fiscal pact—a German-led initiative to ensure stricter budgetary discipline in Europe—was "the first step on the road to integration which must be followed by more steps."

"There are also steps to integration that will require changes to the (EU) treaty. We have not got that far yet, but there should be no taboos," added the chancellor.

EU leaders will gather in Brussels at the end of June to debate plans for an overhaul of the eurozone and the wider EU as a response to the debt crisis that has pitched several of its members into crippling recessions.

"Fiscal consolidation, budgetary discipline, structural reforms and growth all belong together. That was the common view here, which goes also for the EU," she said.

She reiterated Germany's defence of the measures undertaken by Spanish Prime Minister Mariano Rajoy's conservative government to tackle the banking crisis in Spain that has roiled markets in recent weeks.

"The situation in Spanish banks was not caused by the government, nor by budgetary consolidation but was created over years by the build-up of a property bubble," Merkel said.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.