Bloomberg News

Merkel Says Euro Needs ‘Solid’ Fiscal Policy, Growth Initiatives

May 19, 2012

German Chancellor Angela Merkel said Europe needs to find a balance between sound budget policies and growth-enhancing measures to foster confidence.

“Solid fiscal policy, in the form of the fiscal compact, and growth initiatives belong closely together,” Merkel said today in her weekly podcast. “That’s the only way to restore confidence in our common currency, the euro.”

Germany’s economy is performing well, she added.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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