Germany's Merkel: Europe had not yet recovered from the financial crisis

German Chancello Angela Merkel crossed the wires in the las hour, via Reuters, arguing that Europe has not recovered from the financial crisis yet.

Key quotes (via Reuters):

• Europe has not yet recovered from the financial crisis and in the U.S, they are not over it either
• Want to try to do joint reform of corporation tax with France via common tax assessment framework
• It is difficult to guarantee fair tax competition in Europe, britain might follow the model of low taxes islands in the eu like Ireland and Malta