Merkel Risks EU Clash Over Political Union to End Crisis
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German Chancellor Angela Merkel set out on a collision course with non-euro countries as she called for political union in Europe to end the sovereign-debt crisis.
In her most explicit prescription yet to tackle the crisis, Merkel told an annual congress of her Christian Democratic Union in the eastern German city of Leipzig that it’s time to push for closer political ties and tighter budget rules. Evoking the 1989 pro-democracy protests that began in Leipzig and led to the fall of the Berlin Wall, she said the crisis must be seen as a “turning point” in shaping European Union and euro policy.