Merkel-Germany can't turn back when euro threatened

Chancellor Merkel said in a newspaper interview late the stability of the eurozone is in Germany's fundamental interest.

Merkel-Germany can't turn back when euro threatened

Chancellor Angela Merkel said in a newspaper interview late on Friday the stability of the eurozone is in Germany's fundamental interests and Europe's largest country could not turn a blind eye to its problems.

In the interview in the Sueddeutsche Zeitung obtained in Munich on Friday evening, Merkel also denied charges by the opposition in Germany -- and commentators outside the country -- that she made the aid package for Greece more expensive than necessary by waiting too long to back a rescue package.

Merkel said the long-term stability of the euro depends on political convergence.

"We're talking about the responsibility in Europe for the euro, which is an important part of the foundation of our prosperity," said Merkel, who has faced scepticism in the German public and even in her own coalition for her backing Greek aid.

"That's why now, when the stability of the euro is threatened, we can't steel away from our responsibility. It would not be in Germany's own interests."

Reuters

Last Mod: 15 Mayıs 2010, 09:57
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