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Merkel Vows to Help Greeks Stay in Euro Zone

New York Times - Aug 24, 2012

Chancellor Angela Merkel pledged on Friday to support the new Greek government as it struggles to reform its economy, saying the heavily indebted Greece must remain in the euro zone.

Ms. Merkel met in Berlin with the Greek prime minister, Antonis Samaras, for his first official visit abroad. She expressed confidence that the government in Athens “will do what it takes to solve the problem in Greece,” and pledged to focus on healing the rift that has grown between the two countries.

“What I want is to bring the two realities that have emerged back together into one reality,” Ms. Merkel said. “Now it’s the task of those who have political responsibility in Europe to bridge that gap. I want Greece to stay in the euro zone and that’s what I’m working for.”

The message was a clear signal to those Germans — including some members of her own government — who have argued that the easiest way to resolve Europe’s sovereign debt crisis is for Greece to leave the euro zone. Volker Kauder, who leads Ms. Merkel’s party in Parliament, told the public broadcaster ZDF on Friday that a Greek exit “would not be a problem for the euro” because sufficient measures were in place to prevent contagion from spreading to other weak economies in the euro zone.

Read Full Article from New York Times

- Posted: 2012-08-24 22:52:50


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