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