Thursday, June 7, 2012

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 ...

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