Saturday, March 5, 2011

EU NEEDS EURO WE NEEDS?

EU conservatives want strong euro, open on Irish rates

German Chancellor Angela Merkel (L) meets with Finland's Finance Minister Jyrki Katainen (R) in Helsinki. Merkel said on Friday that the European Union's conservative heads of state and government were committed to hashing out a proposal they hope will strengthen the euro.
HELSINKI (AFP) - – The European Union's conservative leaders said Friday they were set on strict rules to beef up the eurozone's stability and competitiveness, as Ireland sought relief from a massive bailout package.
"Together, we can only safeguard the euro if we are really strong, if we keep order in our households, and if we sharpen the stability pact," Merkel told a meeting of the centre-right European People's Party (EPP) in Helsinki.

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