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.
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