German Finance Minister Wolfgang Schaeuble commitment, German government and other euro area government will take all means to defend euro, and if the effort that to imporve the governed status in euro zone was proved that it is not enough to end the credit crisis of one year, Germany may push to establish a closer economic union.
As a prestigious German finance minister, Schaeuble said that German prepare to make greater effort to defend euro comparing to many observers expected. Economists believe, the key to avoid the dissolution of the euro area is if German can not sacrifice financial cost to defend the political will of euro.
Even though assistance to Greece and Ireland those national debt will be huge, Schaeuble dispelled the concerns about German might give up euro. He reaffirmed that the German government has always been committed to European integration, and both German government and other euro area governments have the political will and financial ability to defend euro."
Edited by Ivy.
As a prestigious German finance minister, Schaeuble said that German prepare to make greater effort to defend euro comparing to many observers expected. Economists believe, the key to avoid the dissolution of the euro area is if German can not sacrifice financial cost to defend the political will of euro.
Even though assistance to Greece and Ireland those national debt will be huge, Schaeuble dispelled the concerns about German might give up euro. He reaffirmed that the German government has always been committed to European integration, and both German government and other euro area governments have the political will and financial ability to defend euro."
Edited by Ivy.
