Merkel Says Euro-Area Aid Requires Efforts in ReturnNicholas Brautlecht
German Chancellor Angela Merkel said Europe needs to stand together and show “solidarity” to stabilize the euro, though aid can’t be unconditional.
“The task is European solidarity where it’s needed, whether on the issue of refugees or the stabilization of the euro,” Merkel said at a state election campaign stop Thursday in Bremen, Germany. “That’s only possible when, on the other hand, each country makes efforts of its own. That has to be and remain the European principle.”
Without mentioning Greece, Merkel underscored the unresolved dispute over the country’s financing as euro-area finance ministers prepare for talks starting Monday. Merkel’s government has tied its support for sovereign bailouts to austerity conditions since Europe’s debt crisis spread from Greece in 2010.
Merkel’s Christian Democratic Union trails the Social Democrats, her junior coalition partner at the national level, in polls for elections Sunday in Bremen, a city-state near the North Sea.
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