Merkel says Europe is on the right path

Tuesday, 17 Jul 2012, 11:09

 

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German chancellor Angela Merkel has said in a television interview that despite the eurozone crisis not being over, Europe is on the right path, according to Deutsche Welle.

The chancellor also said that the future course of the EU will still be a major issue during next year's federal election campaign.

The broadcaster reports Merkel said the question of further solidarity with other EU states concerned citizens not just in Germany, but in every member of the 27-country bloc.

Elsewhere, the Wall Street Journal says Merkel announced that liability issues for future bank bailouts in Europe are yet to be resolved, dismissing criticism that she caved on key positions at a recent EU summit.

"According to the rules, the Spanish government is naturally liable for the Spanish programme. We have not adopted any final positions on this yet," Merkel said.

According to the FT, the chancellor is set to face a revolt from her centre-right supporters when the German parliament is recalled for a special vote on the provision of up to €100bn in aid for the Spanish banking industry.

The Bundestag is expected to vote this week in favour of the bailout with a clear majority, with Merkel confident her government would "get the majority we need", says the paper.

 

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