• Germany edition
 
Merkel tells Europe: work harder to stay rich
Photo: DPA

Merkel tells Europe: work harder to stay rich

Published: 17 Dec 2012 16:09 GMT+01:00
Updated: 17 Dec 2012 16:09 GMT+01:00

"If Europe today accounts for just over seven percent of the world's population, produces around 25 percent of global GDP (gross domestic product) and has to finance 50 percent of global social spending, then it's obvious that it will have to work very hard to maintain its prosperity and way of life," Merkel told the British Financial Times in an interview.

Europe will have to spend more on research and education and overhaul its tax and labour markets to restore competitiveness, she said. "All of us have to stop spending more than we earn every year."

The chancellor was unrepentant about implementing the policy of austerity measures in response to the euro debt crisis, and reiterated her determination to make contracts with EU partner countries to implement more structural reform.

Merkel also used the interview to explain why policy building takes a little longer in Germany, and why she is often reluctant to commit to a course of action until a consensus has been formed.

"Social cohesion is very important to people in Germany," she told the paper. "Our federal system means that in Germany competences are distributed between the federal level and the Länder [the 16 federal states].

"Although that sometimes makes politics arduous, it’s also one of our country’s strengths, namely the ability to find good solutions to problems, and for Germany, across party lines."

The Local/AFP/bk

The Local (news@thelocal.de)

Your comments about this article

16:26 December 17, 2012 by lucksi
Or, in other words, those with jobs will have to work harder or have to pay more taxes to fund the social system.
16:41 December 17, 2012 by raandy
Thats a great pep talk, but being rich isn't important to everyone.I would rather have enough for all the basics ,and not be in debt than work all the time have all the candy.
17:12 December 17, 2012 by analyzer
Merkel: work harder becoz people need to buy our cars and beers
18:35 December 17, 2012 by sonriete
well, Mr Van Rompuy has made clear with his roadmap toward greater intergration that the EU will definately be transformed into a transfer union, with euro bonds and all the rest, so why would club med work harder?

If their incomes rise it could jepoardize their future cohesion funds, they will of course work less hard now, with this new blueprint being revealed.

And we all know there will be no more democratic referendums on these matters, especially in the north, not after the insolent French and Dutch electorates voted no on the constitution.
20:40 December 17, 2012 by ChrisRea
@ raandy

Your point of view is in line with Merkel's. "All of us have to stop spending more than we earn every year." It is basically what the Fiscal Pact and the austerity measures are about. The title twisted a little what was actually said.
21:05 December 17, 2012 by smart2012
Sonriete, this statement applies to all Europe... incl. Germany. How cannot u see that Verkel is keeping covering her a.. Last year she said Germany can stay alone. Now that Germany is struggling she says Germany needs euro, and all needs to work harder.. Why did not she say this 1 year ago, instead if fueling silly nationalism?
22:35 December 17, 2012 by sonriete
@smart2012;

I assume you're thinking of her statement and not mine, because you can bet there wil never be net transfers from other EU states to Germany as long as we are all alive. That is for sure.

When you consider that Germany remained a huge net contributer the whole while paying trillions of DM's and then euros for it's reunification, one cannot imagine any reason at all that we would ever have even a year or two as a net recipient.
23:43 December 17, 2012 by smart2012
Sonriete, u r not getting the point. Verkel says that tax payers will have to work harder, eg pension will move soon to 70 years old.

Btw, not going to reply to your BS on who pays more for Europe (France and Italy pay same as Germany), just to remind u that bankrupt nuerburing will be financed with eu money (so French and Italian will pay for it)..
00:22 December 18, 2012 by Berlin fuer alles
@Sonriete

Are you really that dumb? ' you can bet there wil never be net transfers from other EU states to Germany'. Paying for the Euro by the rest of the Eurozone is more than any net transfer going to any other state.
00:35 December 18, 2012 by Leo Strauss
"Europe will have to work "very hard" to maintain its generous welfare system and remain competitive" XD That`s double plus good.

That`s right Outer Party Peeples. It`s not going to be easy with that Goldman-Sachs vampire squid sucking the lifeblood out of every single one of us in order to pay off that imaginary electronic black hole of debt, but if we want that extra ration of ersatz chocolate at the end of the month, then we`ll have to step it up!

Long Live Eurasia! Long Live the Party! Long Live the Banksters!
01:02 December 18, 2012 by Berlin fuer alles
Keep moving the goal posts Angie and keep us all chasing our way out of debt slavery. Your Banking buddies will surely smile favourable on you. You have half of Europe on its knees already. Remind me again why do we really need the Euro currency and why we should all thank you and your 'Deutschland über alles' banking buddies for imposing it on us?
08:04 December 18, 2012 by Gemhund
Great stuff! How about letting the shops be open on a Sunday, dunderhead.
08:29 December 18, 2012 by theibmsstate
Yes Europe rich countries should work hard because they have to pay for GREECE and other east Europe countries.
08:33 December 18, 2012 by Berlin fuer alles
@theibmsstate

Muppet BILD reader. Please read my post at #9 and try thinking for yourself for a change.
10:48 December 18, 2012 by smart2012
berlin fur alles, when u come to munich give me a shout and lets meet up, i like your thinking :-)
13:10 December 19, 2012 by grinners
Conundrum

Working hard to stay rich.

Firstly, let's assume we're all rich (ok, ahhhhh. bugger it, let's go shopping) ok, so now we're there.

Secondly, that we need to work hard to stay there. (damn it, I can't go shopping, i have to do some more overtime, awwwww).
Today's headlines
'Germany can handle more refugees'
Refugees in emergency accommodation in Baden-Württemberg. Photo: DPA

'Germany can handle more refugees'

Germany is the most popular destination in the EU for those fleeing the brutal onslaught in Syria. The country’s interior minister wants other European countries to take in more refugees, but some groups think Germany should do more. READ  

Hostage horror in Yemen, hostage hope in Somalia
Johannes Hentschel, Sabine and their son died in Yemen. Michael Scott Moore (r) was released on Tuesday. Photo: DPA

Hostage horror in Yemen, hostage hope in Somalia

UPDATE: American-German journalist Michael Scott Moore was released on Tuesday from more than two-and-a-half years in the captivity of pirates in Somalia. His release came the day a German family was confirmed dead, five years after being captured in Yemen. READ  

Iraq denies entry to German military trainers
The seven trainers boarded their plane in Germany on Friday. Photo: DPA

Iraq denies entry to German military trainers

UPDATE: Seven German military trainers, who flew to Iraq on Friday to train Kurdish fighters battling Islamic extremists Isis, have been denied permission to enter the country. READ  

One in 10 voters support anti-euro AfD
AfD leader Bernd Lucke celebrates with supporters during the Brandenburg state election. Photo: DPA

One in 10 voters support anti-euro AfD

Eurosceptic party Alternative für Deutschland (AfD) is supported by 10 percent of voters in Germany, a poll on Tuesday showed. It is the first time the fast-rising anti-euro party has polled nationwide in double digits. READ  

Analysis
Why Germany fears US digital disruptors
Angela Merkel with her official Blackberry phone

Why Germany fears US digital disruptors

Every week brings a new headline pitting German politicians, businesses or unions against a US digital company. What is the country's problem with US tech businesses? READ  

Quiz
Can you pass the German citizenship test?
Photo: DPA

Can you pass the German citizenship test?

Since 2008 anyone applying for German citizenship has had to take a test on their new country's history, politics and values. Do you know enough about Germany to pass it? READ  

Rent caps are coming in 2015
Photo: DPA

Rent caps are coming in 2015

A move to cap rent rises in German cities has been agreed by coalition parties, Germany's justice minister announced on Tuesday morning. READ  

Boy, 6, among Berlin train attack victims
Photo: DPA

Boy, 6, among Berlin train attack victims

Two vicious acts of violence on Berlin trains over the weekend have shocked passengers, with the youngest attack victim aged just six. READ  

Gerst and crew get 3D printer and some mice
Gerst is waiting the arrival of the SpaceX Dragon which launched on Sunday. Photo: NASA TV/DPA

Gerst and crew get 3D printer and some mice

UPDATE: Alexander Gerst, Germany's man aboard the International Space Station (ISS), captured SpaceX's unmanned Dragon craft with a cargo of supplies on Tuesday. READ  

Father, 75, tries to dynamite son
Police searching the area after the TNT discovery in Nußdorf. Photo: DPA

Father, 75, tries to dynamite son

A Bavarian pensioner is being investigated on suspicion of attempted murder after planting 3.5kg of TNT in his son's garden, next door to his own home, police said on Monday. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Business & Money
How to become an au pair in Germany
Photo: DPA
Munich
Fights and a skinny dip kick off Oktoberfest
Photo: DPA
Sport
German Fifa exec: 'Qatar won't host World Cup'
DPA
Gallery
The best photos from Oktoberfest's opening weekend
Photo: DPA
Munich
Your guide to Munich Oktoberfest's food
Marks & Spencer
Sponsored Article
Marks and Spencer: Win €300 toward your new autumn wardrobe
Photo: Shutterstock
Gallery
Ten German words you'll never want to hear again
Photo: Shutterstock
Business & Money
The three types of firms hiring foreigners
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,329
jobs available
Toytown Germany
Germany's English-speaking crowd