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Merkel Says No to Drach

“No country is in danger of being forced to exit the Eurozone, despite the fact that the 17-member union is still facing a lot of problems,” Chancellor Angela Merkel told the German News Agency on July 5.
MERKELGREECE_631_355 (1)“We have walked a long way, but there are still many problems which have to be settled,” stressed Merkel, who underlined that the solution to the debt crisis is a long procedure which includes a series of steps and measures.
Merkel rejected the claims that the problems faced by the countries in the heart of the crisis, may force them to exit the Eurozone.
“No, I don’t see this case. We all need a common Europe,” she stressed.
Merkel stressed that the EU was right to give more time to the Eurozone member-states with financial problems, such as Greece and Portugal, in order to shorten their deficits and debts as the size of the problems they are facing have been  jeopardizing the euro.
The German Chancellor added that in order to bring their fiscal policy to a solid basis, the indebted countries of Europe must improve their competitiveness and promote a new and sustainable economic development and employment.
“Every country in Europe has to answer the question of how it sees it will be able to gain money in the future and how it thinks it will encourage prosperity,” she stressed.
Merkel expressed once more her hope to remain Chancellor of Germany for the next legislative period.

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