Merkel calls for swift action after EU downgrades


German Chancellor Angela Merkel saidSaturday Europe’s new pact to tighten economic integration must be implemented quickly while Europe still faced a “long road” ahead to restore investor confidence.

“We are now called upon to implement quickly the fiscal pact, to implement it with determination… and not try to again soften it,” she told

reporters in the northern German city of Kiel.

Merkel, in her first reaction since Standard and Poor’s decided to cut the ratings of nine eurozone nations, also said that Europe’s permanent bailout fund must be effective as soon as possible.

“The decision confirms my conviction that we in Europe still have a long road ahead of us until investor confidence is again restored,” she said at the gathering of her conservative Christian Democratic Union party.  Tip News

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Karl Gotthardt - Politisite Managing Editor Maj. Gotthardt is a Retired Military Officer with 35 years service in the Canadian Armed Forces. He spent most of his time in the Military in Infantry Battalions. Karl took part in training for Afghanistan as an Operator Analyst with the Canadian Maneouvre Training Centre. Karl is a qualified military parachutist and military free fall parachutist. He earned his U.S. Master Jump Wings in Fort Benning, Georgia. Karl enjoys working with horses for the last 24 year. He owns six. He has experience in breeding, training and of course riding.Karl was born in Germany and is fluent in both English and German and he speaks enough French to "get in trouble". Karl has written or writes at NowPublic, All Voices, Tek Journalism and many others.

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