Merkel-Germany can’t turn back when euro threatened

MUNICH, Germany, May 14 (BestGrowthStock) – Chancellor Angela Merkel
said in a newspaper interview late on Friday the stability of
the eurozone is in Germany’s fundamental interests and Europe’s
largest country could not turn a blind eye to its problems.

In the interview in the Sueddeutsche Zeitung obtained in
Munich on Friday evening, Merkel also denied charges by the
opposition in Germany — and commentators outside the country —
that she made the aid package for Greece more expensive than
necessary by waiting too long to back a rescue package.

Merkel said the long-term stability of the euro depends on
political convergence.

“We’re talking about the responsibility in Europe for the
euro, which is an important part of the foundation of our
prosperity,” said Merkel, who has faced scepticism in the German
public and even in her own coalition for her backing Greek aid.

“That’s why now, when the stability of the euro is
threatened, we can’t steel away from our responsibility. It
would not be in Germany’s own interests.”

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(Reporting by Ayhan Uyanik in Munich; writing by Erik
Kirschbaum)

Merkel-Germany can’t turn back when euro threatened