Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel cautions against ‘deceptive calm’ as crisis risk remains

German Chancellor Angela Merkel called for a fresh push to create “real economic union” through changes to European treaties, saying that the euro-area debt crisis isn’t yet defeated.

Addressing lawmakers in Berlin on Wednesday in her first policy speech of the year, Merkel said that Europe risks falling behind unless the 18-nation euro region expands binding commitments and improves its current “unsatisfactory” coordination on economic policy.

“Without decisive progress on this front, without a quantum leap, we won’t overcome the European sovereign-debt crisis,” Merkel said. “We might learn to live with it somehow, but we won’t keep our place at the top of global development.”

Merkel, who won re-election in September, cited her drive to balance the budget in 2015 and Germany’s so-called social- market economy as models for Europe as she set the tone for her third-term coalition with the Social Democratic Party as junior partner. She sat rather than stood at the lectern because of a ski injury sustained in December.

“It has to be Europe’s aim to emerge from the crisis stronger than it went in,” Merkel said. “Because that is so, we can’t trust the deceptive calm we’re seeing right now” in the euro area. The currency union must be deepened “and I’m convinced that this requires further development of the EU’s treaties,” she said.

“Solid” finances, investment in infrastructure, securing the shift to renewables, strengthening social cohesion and Germany’s responsibility to Europe and the world will be the main themes of her new term, Merkel told lawmakers.

[Bloomberg]

ekathimerini.com , Wednesday Jan 29, 2014 (13:17)  
Solidarity tax to be extended for two years
Spanish unemployment lowest since 2011 as economy grows
EU requests clarification on Italy´s ´breach´ of budget goals
German survey props up European shares
Conspiracy of the Cells of Fire suspect arrested over bail violation
Police in Dimitsana, in Arcadia in the Peloponnese, on Thursday arrested Stella Antoniou, who is facing charges of involvement in the urban guerilla group Conspiracy of the Cells of Fire, fo...
Highway traffic to be disrupted on Corinth-Patra route
Traffic was expected to be disrupted on a section of the national highway between Corinth and Patra in the Peloponnese from Thursday evening to early Friday morning for roadworks, it was ann...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Conspiracy of the Cells of Fire suspect arrested over bail violation
2. Highway traffic to be disrupted on Corinth-Patra route
3. Solidarity tax to be extended for two years
4. Spanish unemployment lowest since 2011 as economy grows
5. EU requests clarification on Italy´s ´breach´ of budget goals
6. German survey props up European shares
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. Nissan recalling 260,000 vehicles globally with Takata air bags
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.