Merkel is confident that the “fiscal pact” will not be the last step to a stronger integration into the EU!

Chancellor Angela Merkel is confident that the planned “fiscal pact” will not be the last step to a stronger integration in Europe. The head of the German government said today, speaking at the 42th session of the World Economic Forum held here under the theme “The Great transformation: creating new models.”

“We are ready for more responsibilities and are determined to go ahead and continue to work on the development of an integration project” Europe “- she said. According to Merkel, promote the deepening of partnership between the members of the eurozone and to overcome their crisis will be fiscal discipline, which will ensure stable economic growth competitiveness, which depends on the provision of employment and solidarity with each other.

At the same time, she cautioned against placing excessive demands on Berlin during the crisis. This does not mean that “we do not want to show solidarity and should not make commitments”, stressed the Chancellor. “We just said that vouch for the buck” – she said. “However, if Germany, representing the interests of all European states promise something and then being struck by markets can not be put into practice, Europe expose your flank,” – Merkel is convinced.

Returning members of the euro area competitiveness, not “equal distribution of load without ambition” will make the step out of the crisis, she said. According to the head of the German government, there is no point “in the doubling or tripling” of financial support to countries in the monetary union. “I always ask myself, how long will it be possible,” – said Merkel.
The current economic situation shows that Europe has made enough lessons from the crisis in 2008, she said. “The global economic crisis in 2008 has left deep traces, to overcome its consequences, we are working so far,” – said Merkel. In her opinion, the measures taken to reform the financial markets since 2008, is missing. If you want know more about seo visit http://el-top.com/!

Nevertheless, the chancellor emphasized, the European states in 2011 showed that they are ready to work together on finding ways out of difficult situations. On many issues, sometimes the eurozone lacks a corresponding political structures for the better functioning of monetary union, she said. “We must be flexible, to monitor those countries that have learned more experience, and pay attention to how we can better build our partnership,” – said Merkel.

Head of the Government of Germany expressed regret that not all the steps and initiatives meet with understanding, in particular, that did not impose a tax on financial transactions in the global financial markets. “It would be a strong political signal, turned primarily to the citizens,” – she said.

Merkel also pointed out the unsatisfactory state of negotiations on climate protection. “The world is very much to do,” – she stated.
Representatives of political and business elites in Davos to discuss the issues out of the looming economic recession.