Merkel has Rejected any Possible Financial Support for the Italian bank

Alicia Cross
June 4, 2018

German Chancellor Angela Merkel endorsed French President Emmanuel Macron's idea for a joint European defense force in a long Sunday interview with Frankfurter Allgemeine Sonntagszeitung.

On the topic of migration, Ms. Merkel appeared to see no quick implementation of a quota system for asylum-seekers on the continent.

What did Merkel say about Italy?

Reports say a major trading war is brewing between the USA and its closets allies after the imposition of new tariffs which could see USA consumers pay more for everything from canned soup to cars.

She proposed offering short-term credit lines to stricken countries, but maintained strict conditions for support: "always subject to special conditions of course, for a limited amount and with complete repayment". They will present their plans at an European Union summit at the end of June.

The EU summit is seen as the last chance before European elections in May 2019 to get a few tangible projects on the road and demonstrate to frustrated voters Europe's ability to deliver on its promises.

Manchester City on verge of completing record deal for Riyad Mahrez
Guardiola has indicated that, after City's stunning league-winning season, he was only searching for two top signings. In January, City walked away from a potential deal for Mahrez because they were put off by Leicester's valuation.

Japan urges caution on any North Korea agreement
Kim Yong Chol, the most senior North Korean to visit the United States in 18 years, spent nearly 90 minutes in the Oval Office. By the next day, he was signaling the event could be back on after a conciliatory response from North Korea.

Chicago Area Sears Stores Among 63 To Close Nationwide
The company said closing sales for the 63 stores would begin in June, and the stores would close by September. The only central IL store expected to close is a Sears in Springfield, located at 104 West White Oaks Mall.

Macron gave his speech on European reforms in September 2017, why is Merkel only responding now?

Asked about Salvini's comments, she said that "it's best to focus on talking about the issues" with Italy, Europe's fourth-largest economy. "Of the 180 weapon systems that now coexist in Europe, we must move to a situation like the United States, which has only about 30 weapons systems". Merkel's intervention represents a significant change of tone.

"I will approach the new Italian government openly and work with it instead of speculating about its intentions", Merkel told the paper in an interview published on Sunday.

"This is a positive move which shows the commitment to Europe of the chancellor and her government", said the Elysée Palace.

On Italy, Ms. Merkel said while cohesion among members of the single currency bloc was important, "solidarity among euro partners should never lead to a debt [sharing] union, rather it must be about helping others to help themselves".

Other reports by Free-Prsite

Discuss This Article

FOLLOW OUR NEWSPAPER