Merkel Says Germany Ready to Back Use of Current Euro Tools

Chancellor Angela Merkel said that Germany is ready to back the use of all existing euro-area instruments to help stabilize the 17-nation euro region.

With the financial crisis raging, the German government is willing to deploy the tools at hand whenever needed to bolster the euro region, she told reporters today at a joint press conference with British Prime Minister David Cameron.

“In view of the current difficulties, it’s important to emphasize that we have created the instruments of support in the euro zone, that Germany is ready to work with these instruments whenever that is necessary and that this is an expression of our firm desire to keep the euro area stable,” the chancellor said. Merkel didn’t outline to which tools she was referring.

Read Full Article from Bloomberg

- Posted: 2012-06-07 10:26:17

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