Nov. 16 (Bloomberg) -- Germany is prepared to cede some national sovereignty to the European Union to achieve closer economic and political ties, Chancellor Angela Merkel said.
“Germany wants a strong European Union with 27 members,” Merkel told reporters in Berlin today. It also “also wants a 17-member euro zone as strong and that inspires confidence,” she said. “We are prepared to give up a piece of national sovereignty” to achieve that.
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