Merkel Says Euro Area at Crossroads by Avoiding Tough Choices
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German Chancellor Angela Merkel said the euro is at a crossroads and called on members of the currency union to settle on a common path to remain competitive with the rest of the world.
“We have to come to an agreement that we all strive for this -- and really honestly strive for it,” Merkel told a group of students in Budapest, Hungary. “Otherwise there will continue to be very great tensions within the euro area.”