25 Jun 2014
Merkel stresses Eurozone crisis not over yet
FXStreet (Łódź) - Speaking before the Bundestag lower house of parliament on Wednesday German Chancellor Angela Merkel said that the economic situation in the Eurozone remained fragile, with the debt crisis still lingering. Therefore, EU countries should continue implementing necessary reforms, she emphasized.
The German leader assured that the government was united in the view that flexibility in the EU stability and growth pact should be used. She reiterated that Germany was Europe’s growth engine and stability anchor and predicted that the country's economy would grow by 1.8% this year and by 2% the next.
Referring to the Russian-Ukrainian conflict Merkel said that the peace process had been slow but that it was expected to be solved through diplomatic channels. She signaled that more sanctions could be imposed on Russia if the situation doesn't improve.
The German leader assured that the government was united in the view that flexibility in the EU stability and growth pact should be used. She reiterated that Germany was Europe’s growth engine and stability anchor and predicted that the country's economy would grow by 1.8% this year and by 2% the next.
Referring to the Russian-Ukrainian conflict Merkel said that the peace process had been slow but that it was expected to be solved through diplomatic channels. She signaled that more sanctions could be imposed on Russia if the situation doesn't improve.