Friday, December 31, 2010

Sarkozy says the death of the euro will be the end of Europe

French President Nicolas Sarkozy, has joined its voice to that of German Chancellor Angela Merkel, calling on his countrymen confidence in the European economy after the financial rescue operations in Greece and Ireland, where Germany has been the main contributor. "Do not think, dear compatriots, those who suggest that we should leave the euro ...

The end of the euro would be the end of Europe," Sarkozy said in his televised New Year's Eve. "I will fight with all my strength against these setbacks it could undo 60 years of European construction, which brought peace and brotherhood to the mainland," he added. Sarkozy has also assured that France will not follow the lead of other European countries that have experienced debt crises this year and has promised to keep the plans to improve state finances.

His remarks come as Merkel prepares to deliver a resounding message to the nation tonight in which he asserts that "Germany needs Europe." In excerpts released before the televised address, Chancellor shows its firm commitment to the euro and urges people to follow their lead despite a great mistrust generated after the rescue.

"Europe is recent months amid a crucial test. We must strengthen the euro. It is not just our money. The euro is a currency," said Merkel in her speech. He adds: "A united Europe ensures our peace and freedom. The euro is the basis of our prosperity. "The chancellor, who in recent months has been criticized in Europe for its intransigent positions in the common economic policy, with this message soften its image abroad and encourage the country to rely on EU.

According to a poll published Monday in Bild newspaper, 51% of Germans are unhappy with the euro, compared with 44% who are satisfied. In addition, 49% want the return of the frame, while 41 % reject it. The Bundesbank estimated that the Germans still hold the equivalent of 6.9 billion euros in the former national currency, although they can still exchange them for free at any of the 47 seats held by the entity throughout the country.

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