Merkel calls Eurozone support 'duty'

The chancellor faces intense pressure at home not to expose her nation any more to the shaky finances of countries like Greece.

Merkel calls Eurozone support 'duty'

German Chancellor Angela Merkel, speaking in Berlin, says it's her country's duty to secure the future of the euro. Her remarks come as Europe's finance ministers are meeting in Poland to discuss the fiscal crisis facing the eurozone.

The leader of Europe's biggest economy is sticking to a course of gradual action in securing the Euro, even as some say radical measures are needed to keep the currency afloat.

Top officials, even in the European Central Bank, have called for a quantum leap in tackling the crisis.

One option often mentioned by economists is issuing eurobonds, backed jointly by all eurozone nations.
But Merkel has refused to consider the move.

The chancellor faces intense pressure at home not to expose her nation any more to the shaky finances of countries like Greece.

Merkel has so far justified the high cost of bailouts by noting that Germany's interests are tied to the future of the eurozone.

Cihan news agency

Last Mod: 17 Eylül 2011, 17:27
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