Merkel: Full Political Union Is the Only Way to Save the Euro
Lynch, Russell, The Evening Standard (London, England)
GERMAN Chancellor Angela Merkel tightened her grip on Europe today as she warned that a convincing solution to the region's sovereign debt crisis would mean full-scale political union.
Keeping all 17 nations in the single currency would "require a fundamental change in our whole policy" to soothe turbulent debt markets, she said.
"I believe it is important for those who buy government bonds: that we make it clear we want more Europe step-by-step -- that is the European Union and the euro area grows together, otherwise people won't believe we can really get a handle on our problems."
To boost investor confidence, Merkel wants to establish a fiscal union and …
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Publication information:
Article title: Merkel: Full Political Union Is the Only Way to Save the Euro.
Contributors: Lynch, Russell - Author.
Newspaper title: The Evening Standard (London, England).
Publication date: November 14, 2011.
Page number: 44.
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