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Merkel sends stern warning to Hollande

The Local · 27 Apr 2012, 12:22

Published: 27 Apr 2012 12:22 GMT+02:00

Merkel and fellow conservative French President Nicolas Sarkozy have a close political relationship and were leading powers in agreeing on the strict fiscal pact to help troubled parts of the eurozone.

The compact was signed in March by 25 of the 27 EU member states, and Merkel told German media organisation WAZ on Thursday that even if Socialist Party leader Hollande wins the election, the pact was “not up for negotiation.”

Merkel said that although growth was important for Europe, it was not as vital as solid financial security. She admitted she was concerned that if Hollande won the election, other countries would withdraw their signatures.

Sarkozy’s main opponent took to French prime-time television on Thursday evening to say that many of the EU member states were waiting for his party to be elected so changes could be made to the pact.

“Germany is not going to make the decisions for all of Europe,” he announced.

"Lots of countries today are waiting for France's decision, because we aren't any old country in Europe, we're a leading country in Europe," he said, adding that what France does could considerably change how the EU handles the eurozone’s financial woes.

One of the pillars of Hollande's campaign has been to call for the pact to be renegotiated and he has vowed to veto it if he considers that it contains insufficient measures for growth.

Hollande beat Sarkozy in the first round of the election and he could win the presidency in the second round on May 6.

Story continues below…

Merkel's spokesman Steffen Seibert talked to reporters on Friday following Thursday's media squabble, and said that, "the federal government and the chancellor will work well and reliably" with whoever wins in France.

"That is the nature of the particular French and German partnership and friendship," he added.

DPA/AFP/The Local/jcw

The Local (news@thelocal.de)

Your comments about this article

13:58 April 27, 2012 by Sayer
Considering that it is the invisible hands of the international banksters who pull Angie's strings, maybe we should have named THEM instead, and let the poor girl off the hook this long weekend? Hollande is also one of the banksters' tribe, so it appears that this is all just bluster.
16:21 April 27, 2012 by TheCrownPrince
Mr. Hollande can call for new negotiations as long he wants, his grand new plans for Europe will only work with even more german money. So, if Merkel says: "Hollande, p@ss off!" - What will he do then?
16:50 April 27, 2012 by cheeba
They will have their eurobonds, the Germans will work harder and they will pay. They can raise the retirement age in Germany to 75 so they can pay for all the others. What's the problem?
17:18 April 27, 2012 by leuteleute
No problems here, you work hard.You (tax payers) have to pay 90 percent of our house mortgage, you have to pay for our new toilet, new kitchen,cars and holidays.Even clothes of our children is from Charity.

Yepehhh.We are better than you. You just be clever how to do it.
12:45 April 28, 2012 by datt
I sincerely hope the EU resists the strong international forces railed against it that are determined to drag her down.

If Germany and others pour hard earned money into a bottomless slush fund the money would be gone within a Nano second thanks to the financial sector type seagulls hanging around for another feed. MOI, MOI, MOI, MOI.

These non- productive parasites will devour those funds instantly, vaporizing them like they have in the USA and Britain etc.

They will then demand, MOI, MOI, MOI, and MOI.

There is a very real war going on at the moment between the Euro & the US dollar.

This war is about currency dominance.

America faces the real prospect of losing because of the extreme mismanagement of its financial system resulting in an insurmountable debt.

It¦#39;s only way out being if massive inflation occurred.
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