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Angela Merkel warned that Germany could abandon the euro
Angela Merkel warned that Germany could abandon the euro | World news | The Guardian
Angela Merkel warned that Germany could abandon the euro
German chancellor said to have made comments during an EU summit dinner in Brussels at the end of October
- The German chancellor, Angela Merkel, has warned for the first time that her country could abandon the euro if she fails in her contested campaign to establish a new regime for the single currency, the Guardian has learned.
At an EU summit in Brussels at the end of October that was dominated by the euro crisis and wrangling over whether to bail out Ireland, Merkel became embroiled in a row with the Greek prime minister, George Papandreou, according to participants at the event's Thursday dinner.
Merkel's central aim, which she achieved, was to win agreement on re-opening the Lisbon treaty so a permanent system of bailout funding and investor losses could be established to deal with debt crises that have laid Greece and Ireland low and are threatening Portugal and Spain. The Germans also called for bailed-out countries to lose voting rights in EU councils.
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It's an important international news story that could affect the world economy.
It's kind of ridiculous right now to put a good news story in "German News" which has maybe all of two or three people viewing it on any day.
I'm just putting any interesting or important news articles in here since this is where most people are coming to look for news. If other people want to put news stories in sub-folders, knock yourself out.
We really should make this a general news section. Maybe in another month or two it will get renamed.
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