Chancellor Angela Merkel said that Germany will emerge stronger from the sovereign debt turmoil, as she sought to rally support for her crisis-fighting strategy ahead of elections in her home state in five days.
“Many are worried, but they don’t need to be because the currency is stable”, Merkel told a rally of her Christian Democratic Union yesterday in Schwerin, the state capital. “It’s our aim to come out of this stronger than we went into it, as we did during the banking crisis. I said that in 2009, and look at where the economy is in 2011. This can be achieved again.”
In a letter to Finance Minister Wolfgang Schäuble, Norbert Barthle, the budget spokesman for Merkel’s Christian Democratic bloc, and his counterpart from the CDU’s Free Democratic Party coalition partner, Otto Fricke, urged the government to “substantially improve” consultations with parliament over any planned changes to the EFSF. Merkel said that aid will still be available for indebted euro-area countries so long as they commit to “do better in the future”. “Whoever does that deserves our solidarity, will get our support”, Merkel said in Schwerin. “That’s the way out of this crisis. It’s a long, arduous path, but it’s the way we’ll go forward.”
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