Merkel restates commitment to Euro zone and to not financing bailout

In a speech at the World Economic Forum, German Chancellor Angela Merkel reasserted her commitment to enhanced European integration, but also defended her view that the problem cannot be solved by pouring more money on the open wound.

“What we do not want is a situation where we promise something that in the end we can’t back up because if Germany, representing all European countries, promises something that can’t be kept if markets attack it hard, then Europe is really vulnerable,” reports the Financial Times.

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