Economics
Merkel Warns of ‘Deceptive Calm’ as Euro Crisis Risk Remains
This article is for subscribers only.
German Chancellor Angela Merkel called for a fresh push to create “real economic union” through changes to European treaties, saying that the euro-area debt crisis isn’t yet defeated.
Addressing lawmakers in Berlin today in her first policy speech of the year, Merkel said that Europe risks falling behind unless the 18-nation euro region expands binding commitments and improves its current “unsatisfactory” coordination on economic policy.