Topic: Global financial crisis
- Merkel ‘Did Propose’ Eurozone Membership Referendum
- EU Fiscal Pact Not Up for Review - Merkel
- Merkel says emergency EU summit in Brussels 'fruitful'
- Putin Outlines 2013 Anti-Crisis Measures
- EU crisis main obstacle for world economy growth, says Geithner
BERLIN, December 31 (RIA Novosti) – Germany’s Chancellor Angela Merkel believes reforms implemented by EU countries to tackle the debt crisis are bearing fruit, but warns there are tough times ahead.
"The reforms we have introduced are beginning to take effect, but we still need a lot of patience. The crisis is far from over," she says in her New Year’s address due to be televised later on Monday.
Merkel stresses that lessons remain to be learned from the 2008 financial crisis, and emphasizes the state's role. "In the social market economy, the state is the guardian of order, and the public must be able to place its trust in it."
In an address infused with the twin values of courage and compassion, Merkel notes that in 2012 Germany recorded its lowest unemployment rates for 20 years, but cautions that the economic climate in 2013 will be more difficult.
Merkel also stresses that the German government has every intention of delivering on its promises, particularly that of greater investment in education and research. "For our country, research means jobs. If we can do something that others cannot, we preserve and create prosperity."
Add to blog
You may place this material on your blog by copying the link.
Islamic terrorism is gaining momentum, and is all about ideological opposition to European Christian values. This is an aggressive young radical ideology that attracts followers across the world. And it will only grow stronger on the world political stage.