Bank Of Baku

Merkel says Europe must restore Euro credibility

Merkel says Europe must restore Euro credibility
# 08 December 2011 20:38 (UTC +04:00)
Baku-APA. German Chancellor Angela Merkel said on Thursday the currency Euro has lost its credibility, and the utmost aim of the European Union (EU) summit was to restore that credibility, APA reports.

To regain the credibility, "17 eurozone member states must make a firm step towards a stability union and fiscal union" by giving more responsibility to the European Commission and the European Court of Justice, Merkel told reporters on arriving at the forthcoming EU summit.
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