German Chancellor Angela Merkel on Wednesday reiterated his opposition to the “easy solutions” before traveling to Paris for dinner with French President, François Hollande, on the eve of a summit that is expected to go remedies to the crisis in Europe, frightened by a Spain that is teetering.
In a speech to Parliament Germanic, Merkel warned again that there is no “quick fix (not) easy for the crisis,” taking a cold shower to the expectations of the summit of EU leaders on Thursday and Friday in Brussels.
Structural reforms in countries with problems will be “high on the agenda” of the summit, reminded the chancellor, who said he hoped “disputes” and that “all eyes, or at least many, are made in Germany”, leaving clear that the only medicine to overcome this crisis that threatens to engulf the euro austerity.
And is that the forces of Europe’s largest economy is not unlimited, and Berlin has already made enough concessions to Europe, estimates the head of the German Government has repeated its opposition to any form of mutualisation debt in the euro area while not strengthen the possibilities of “control and intervention” of national budgets.
The day before, in a meeting with a group of parliamentarians, Merkel was quoted as saying that the Eurobonds, which many consider the salvation of the monetary union will not see the light while you are alive. For Berlin, these instruments can only come after further European integration in which member countries increasingly cede sovereignty to Brussels.
Merkel Is this what you want to put on the negotiating table in Brussels, on the basis of the roadmap prepared by the EU president, Herman van Rompuy, which proposes the creation of a banking and economic union along the next ten years.
If the idea of further integration with acceptance, for many it is a secondary issue given the seriousness of the crisis. Cyprus earlier this week became the fifth country of the monetary union to seek help from its partners, Spain and Italy are more than ever in the eye of the hurricane.
The fall in gross domestic product (GDP) Spanish accelerated in the second quarter, said on Wednesday the Bank of Spain. The Prime Minister, Mariano Rajoy, has also warned that the country may be financed for a long time with the current interest rates, which are slightly below 7% (6.8%) for the debt to ten years.