Bloomberg News

Merkel Says EU Made ‘Breakthrough’ to ’Lastingly Stable Euro’

December 09, 2011

Dec. 9 (Bloomberg) -- German Chancellor Angela Merkel said that a European Union summit achieved a “breakthrough” to a “lastingly stable euro.”

With new deficit rules tougher than the old Growth and Stability pact as part of a fiscal union to develop over the next few years, the EU is creating a “new basis of confidence” for the euro, Merkel told reporters in Brussels today after an EU summit.

“The breakthrough to a stability union has been achieved,’’ Merkel said.

To contact the reporter on this story: Tony Czuczka in Berlin at

To contact the editor responsible for this story: Alan Crawford at

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