German Chancellor Angela Merkel, right, arrives for an EU summit on Thursday, Oct. 24, 2013. A two-day summit meeting of EU leaders is likely to be diverted from its official agenda, economic recovery and migration, after German Chancellor Angela Merkel complained to U.S. President Barack Obama that U.S. intelligence may have monitored her mobile phone. (AP Photo/Geert Vanden Wijngaert)
BRUSSELS (AP) — Germany's chancellor says the 17-nation eurozone must achieve a stronger coordination of its economic policies to remain competitive and spur growth.
Angela Merkel's comments on Thursday come as her government seeks to convince European partners to hand the EU Commission, the bloc's executive arm, more powers to oversee the member states' economic policies.
Merkel said ahead of a summit of the European Union's 28 national leaders she's convinced the eurozone must "collaborate yet more, yet closer ... than we do at present."
EU leaders were also set to discuss the timeline for the next steps of the bloc's planned banking union that aims at stabilizing its financial system. They still disagree over how to set up and fund a European authority capable of bailing out or winding down bust banks.
- Budget, Tax & Economy
- Angela Merkel
- EU Commission
Similar Articles: Pretty Little Liars When Was The First Parachute Jump? Why Did The Government Shut Down Emmy Winners 2013 Yahoo Fantasy Football
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.