German Chancellor Angela Merkel is optimistic that all euro-area members will honor their budget commitments, Lidove Noviny reported, citing an interview.
Greece has a difficult path ahead, though the country has come quite a long way with “tough” measures to increase its competitiveness, the Czech newspaper cited Merkel as saying. The euro area is moving toward a political union, and Europe needs to overhaul labor laws and boost spending on science and research to achieve sustainable growth, Merkel said, according to the newspaper.
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