Merkel: Greece joining euro was a mistake

Merkel: Greece joining euro was a mistake

Published: 28 Aug 2013 14:00 CET 

German Chancellor Angela Merkel has said, a month before elections, that struggling Greece should never have been allowed into the eurozone, blaming her political rivals for letting it happen.

She heaped blame for Europe's debt and recession troubles on her centre-left opponents, saying that while in government the Social Democratic Party (SPD) had contributed to creating the causes of the crisis.

"The crisis emerged over many years, through founding errors in the euro -- for example, Greece should not have been admitted into the euro area," Merkel said to scattered applause at a campaign event Tuesday in the northern town of Rendsburg, footage from news channel ntv showed.

The conservative leader reiterated that her predecessor, SPD chancellor Gerhard Schröder, had in 2001 consented to Greece's entry and to weakening the currency bloc's stability pact, decisions she labelled "fundamentally wrong".

Last Saturday, on her whirlwind campaign tour, she had also attacked the Social Democrats, saying: "We don't need to be told by the people who admitted Greece into the euro-area that today we have problems with Greece."

The eurozone crisis and the bill German taxpayers may have to foot for it have become divisive issues in an otherwise lacklustre campaign ahead of the September 22 vote, in which Merkel remains the favourite to lead the next government.

Merkel is still Germany's most popular politician, with a yawning personal approval lead over her SPD rival Peer Steinbrück, in part because she is widely perceived to have steered Europe's biggest economy safely through the eurozone crisis.
While Greece, Spain and other southern countries remain mired in recession with huge unemployment, Germany's export-fuelled economy is projected by the IMF to grow 0.3 percent this year and has a jobless rate of only 6.8 percent.

Finance Minister Wolfgang Schäuble kicked loose the renewed eurozone debate last week when he admitted Greece will need a third international bailout package from next year, after earlier suggesting this was only a possibility.

The SPD immediately seized on the frank comment by the veteran minister, accusing the Merkel government of having sought to mislead voters until after the election about the true costs the German state may face from another bailout.

Challenger Steinbrück -- Merkel's first-term finance minister in a former left-right 'grand coalition' government -- has warned he would seek to pin down her position during their only televised debate Sunday.

FULL STORY: http://www.thelocal.de/national/20130828-51637.html

Views: 98

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
3 hours ago
Doc Vega posted a blog post

The History of What Led to The Iran Surgical Strikes

To his credit, President Trump held off with negotiations as long as possible in trying to reach a…See More
yesterday
Doc Vega favorited tjdavis's photo
yesterday
Doc Vega commented on tjdavis's photo
Thumbnail

Game Night

"Ha! Good one!"
yesterday
Doc Vega commented on FREEDOMROX's blog post MRNA VACCINES: Question
"Listen man I know where you're at but back in October of 2023 thru December of 2023 for months…"
yesterday
tjdavis posted a video

Architecton | Official Trailer HD | A24

SUBSCRIBE: http://bit.ly/A24subscribeWritten and directed by Victor Kossakovsky and starring Michele De Lucchi. ARCHITECTON – Coming Soon RELEASE DATE: Comin...
Sunday
tjdavis posted photos
Sunday
tjdavis posted a blog post
Sunday
Burbia posted a video

Europe Will Not Survive

The hubris.All things Archaix at www.archaix.com
Sunday
FREEDOMROX posted a video
Saturday
Burbia commented on tjdavis's blog post Track AIPAC
Saturday
rlionhearted_3 commented on Doc Vega's blog post Latest Details on Missile Exchanges Between Iran and Israel
"May get really ugly over there?"
Friday
Doc Vega posted a blog post

Latest Details on Missile Exchanges Between Iran and Israel

Latest information about the air attacks between Israel and Iran as the US moves another carrier…See More
Thursday
tjdavis favorited Less Prone's video
Thursday
tjdavis posted a blog post
Thursday
cheeki kea replied to cheeki kea's discussion Tartaria
"Some interesting information has come to light ( from the renaissance period ) which explains that…"
Thursday
Sandy posted a video
Thursday
John Miller replied to MAC's discussion BREAKING! UFO whistleblowers drop BOMBSHELL on D.C. | Redacted with Natali and Clayton Morris
"Yes, the whole whistleblower situation is getting more intense, especially with all these bombshell…"
Wednesday
Doc Vega posted a blog post

Silent and Blue

Thought I'd lost myself today The meaning seemed so far away Then you slowly faded into disarray I…See More
Wednesday
Burbia posted a video

Disturbing Videos That Left Me Needing Answers!

#disturbing #video #strange #scary #scaryvideos #strangevideos This is a compilation of the most disturbing videos on the intern...
Jun 17

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted