Merkel: Europe survives if it deepens integration

Europe will remain an economic powerhouse only if deepens integration itself that has caused so many problems, said Wednesday the German Chancellor Angela Merkel.

Without it, Europe will remain little more than an attractive vacation, destination warned the leader of German to the global elite gathered in this complex of ski in Switzerland.

The tone of the discourse of Merkel was not very different from the moderation that characterizes him, but would be enough to feed a rising belief among European leaders about that Germany - and therefore Europe - is finally convinced that it needs to be done to avoid the collapse of the euro.

"The message is that we are ready for more commitments." "Will be no more excuses," said Merkel.

If Europe not integrates more, "we will continue to be an interesting destination for vacation for a long time, but we can not already generate prosperity for the people of" u000a"Europa".

Merkel promised to do what is necessary to prevent the collapse of the euro, and said that greater European unity is needed to generate jobs and growth. However, countered the letters to Europe strengthen its network of protection for economies in trouble.

Rescue plan
Germany is at the heart of any rescue plan because it has the largest funding in Europe.

And the continent is under scrutiny from the rest of the world because many fear that a collapse of the euro drag again to much of the country into a recession.

For months, Germany has argued that indebted countries should aggressively cut their budgets and that its people must be poorer, in return for help in reducing their burden of debt.

But many point out that this will do little good, if that same austerity evaporated economic growth, with what Nations could not pay the debt to them u000aReste.

Latin America can survive A CRISIS
Latin American leaders affirmed yesterday Wednesday that their countries are well placed to deal with a global recession, after decades of implementing austerity measures and reforms to clean up their economies.

Politicians and Latin American entrepreneurs attending the Economic Forum in the Swiss resort of Davos spoke from a position of strength, especially those from countries such as Brazil, Mexico and Chile, and even offered tips to Europe on how to address the sovereign debt crisis.

The former Governor of the Bank of Mexico Guillermo Ortiz said on Wednesday that "Latin America has never been better equipped to move forward" towards the future.

Share this article

Digg it!

del.icio.us

MySpace

Facebook

Fark

Reddit

Newsvine