Merkel: EU needs deeper cooperation for the 21st century

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Wow!!

  • Path to EU, euro stability will be difficult
  • New EU bank supervision will protect euro bloc
  • German FinMin Schaeuble managed to push through Germany’s main demands on EU bank supervision deal
  • Euro bloc reforms showing first success
  • Greek efforts to reform deserve German support
  • Greek reforms will boost economic growth
  • Consolidation of budgets required for jobs, growth
  • Greek bond buyback qualifies it for delayed aid
  • EU needs more regulation of finance markets
  • EU must boost competitveness
  • Competitiveness is Europe’s key global challenge
  • Lack of competitveness played big role in crisis
  • Euro bloc needs better economic policy coordination
  • Cannot live alone from services sector, need industrial production in Europe
  • Backs financial rewards rewards for euro states that reform
  • Germany rejects any common¬†euro bloc debt
  • Euro coordination must become more ‘binding’
  • Resolving euro crisis ‘in deepest Geran interest’
  • Euro will emerge stronger from debt crisis

Merkel speaking in Berlin parliament.

ENDS SPEECH

2012-12-13T08:10:50+0000

All|Economic Data|Europe|Regions

EU economy|Merkel

Gerry Davies

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