Speaking at a Christian Democrat (CDU) party rally in Berlin, the German chancellor made it clear that there was no breach of the terms of the Memorandum signed with a Eurozone country and that, in that case, the country would be referred to the European Court of Justice. .
In the same speech, Mrs Merkel once again rejected the introduction of Eurobonds, but made it clear that she intends to show flexibility in imposing a tax on financial transactions and in measures to stimulate growth in the eurozone.
A day after Berlin voted in favor of giving Spain an extra year to reduce its deficit below 3%, Merkel showed a willingness to compromise with the opposition Social Democrats (SPD) and EU partners.
The German chancellor also said that EU member states should relinquish part of their sovereignty over their budgets in exchange for development measures.
In this context, the off-schedule meeting of the German Chancellor, Angela Merkel, with the President of the European Commission, Jose Manuel Barroso, on Monday afternoon, is of particular importance.
The meeting formally addresses current European issues, including preparations for the next European Council meeting on 28 and 29 June in Brussels.
Mrs Merkel and the President of the Commission also met last Wednesday at a conference of the Baltic Sea States Council, with the German Chancellor stating that they agreed that Europe's fiscal discipline for fiscal discipline is only the first of many steps to be taken towards greater integration of the Eurozone and the granting of national sovereignty to the EU.
Source: FIRST TOPIC