News Column

Merkel: Time Running Out for Euro Rescue

Aug. 16, 2012
German Chancellor Angela Merkel

German Chancellor Angela Merkel emphasized the importance Thursday of creating a European political union to bring the eurozone crisis under control.

"Time is running out," Merkel said after meeting Canadian Prime Minister Stephen Harper in Ottawa.

She said Germany was committed to the creation of a political union in the eurozone.

Harper has sharply criticized the attempts so far by eurozone members to resolve the debt crisis and has pushed Merkel to take on the leadership role, once and for all, in crisis talks.

On Wednesday, Merkel suggested that she considered Canada to be a model for resolving the euro crisis, referring to the country's strict budget discipline that runs parallel to its pro-growth policies.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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