Germany’s fate tied to EU: Merkel

German Chancellor Angela Merkel says the country’s fate is so closely entwined with the European Union as the bloc continues to grapple with economic woes.

“We all know that the progress of our country is as dependent as ever on making headway in Europe and on enduringly overcoming the sovereign debt crisis in earnest,” Merkel said on Monday.

Referring to the lingering economic crisis in the EU, She went on to say that Germany should help solve the problem.

Meanwhile, recent reports have painted a gloomy picture for Germany’s economy, with its business confidence dropping, the private sector growing at its slowest pace in three months, and industry orders falling.

Furthermore, statistics show that the number of impoverished Germans is steadily increasing, with some 13 million people running the risk of plunging into relative poverty.

Europe plunged into financial crisis in early 2008. The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered massive demonstrations in many European countries.

MSM/MAM/AS

Source Article from http://www.presstv.ir/detail/2013/12/31/342883/germanys-fate-tied-to-eu-merkel/

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