Merkel praises Canada's action on debt

"This is also the right solution for Europe," Merkel said at a reception in Ottawa late yesterday, in her first speech after her summer holidays.

16th August, 2012
Angela Merkel

German Chancellor Angela Merkel renewed her calls for austerity as crucial to tackling financial turmoil in the euro area, praising Canada’s economic example as she returned to the crisis fight after her summer holiday.

Merkel, facing European pressure to ease bailout terms and allow shared debt,used a visit to Canada as the stage for her first public comments in a month on the crisis.

She praised Canada’s budget discipline, promotion of economic...

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