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Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 26 January 2012 [View all]
xchrom
(108,903 posts)49. Merkel deflects call for bigger eurozone fund
http://www.aljazeera.com/news/europe/2012/01/201212518113140203.html
Germany is determined to play a full part in combating the eurozone crisis but will not commit to anything that it cannot deliver, Angela Merkel, the German chancellor has told delegates at the annual World Economic Forum (WEF) in Davos.
Delivering the keynote address in Switzerland, Merkel questioned the rationale of those in financial markets, governments and the International Monetary Fund who were pressing Berlin to put more money on the table, but did not rule it out
Merkel said: "We have said right from the start that we want to stand up for the euro, but what we don't want is a situation where we are forced to promise something that we will not be able to fulfil.
"If Germany, for example, on behalf of all the other member countries, were promising something that - if the markets really attack us we would not be able to come up with - then we have indeed an open flank."
Germany is determined to play a full part in combating the eurozone crisis but will not commit to anything that it cannot deliver, Angela Merkel, the German chancellor has told delegates at the annual World Economic Forum (WEF) in Davos.
Delivering the keynote address in Switzerland, Merkel questioned the rationale of those in financial markets, governments and the International Monetary Fund who were pressing Berlin to put more money on the table, but did not rule it out
Merkel said: "We have said right from the start that we want to stand up for the euro, but what we don't want is a situation where we are forced to promise something that we will not be able to fulfil.
"If Germany, for example, on behalf of all the other member countries, were promising something that - if the markets really attack us we would not be able to come up with - then we have indeed an open flank."
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