Equipo Nizkor
        Tienda | Donaciones Online
Derechos | Equipo Nizkor       


Merkel says markets worried about euro states repaying debt

German Chancellor Angela Merkel said on Tuesday that financial markets were worried about the ability of some countries in the euro zone to repay their debt.

"There is a lack of confidence on financial markets that some euro zone states can pay back their debts in the long term. The world wonders how competitive euro zone countries are," she told a meeting of the Federation of Germany Industries.

Merkel said it required stamina to solve the crisis but the fiscal compact for budget discipline was a sign of progress, as was progress on banking supervision across the bloc.

The German leader said it was premature to talk of any recapitalization of banks in the euro zone through European mechanisms before a supervisory body with robust intervention rights was in place.

She added that Germany's overall budget deficit was likely to come in at 0.9 percent of gross domestic product (GDP) this year and that the country needed to continue to boost domestic demand.

[Source: Reuters, Berlin, 25Sep12]

Tienda de Libros Radio Nizkor On-Line Donations

Informes sobre DESC
small logoThis document has been published on 25Sep12 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.