Economy - Voice of America: Germany Calls for European 'Political Union'

Economy - Voice of America economy-and-business

Germany Calls for European 'Political Union' Jun 7th 2012, 14:31 German Chancellor Angela Merkel says Europe needs to move beyond its common euro currency to create a "political union" in order to resolve the continent's governmental debt crisis. The German leader said Thursday that individual governments in the 17-nation eurozone need "step by step" to cede powers to European control, a contentious proposition on the continent. She told German public television that a currency union is not enough, and that the eurozone countries ... Media files: 1EE9EE59-384C-47F8-BFEB-59C66F69A77A_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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