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Merkel defends budgetary record over euro crisis

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Merkel defends budgetary record over euro crisis

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Angela Merkel has applauded a Constitutional Court ruling that backs Germany’s contributions to the euro zone bailout fund.

Speaking during a debate on the budget, the German Chancellor said the decision vindicated measures taken by her government, although her ability to take immediate action has been limited.

“The Constitutional Court has said: Self-reliance and solidarity, plus solidarity in a transparent way, with the full participation of parliament – that is exactly the road we have taken,” she told the Bundestag.

Merkel also robustly defended her government’s handling of the debt crisis, saying Germany had a historical obligation to ensure the stability and strength of the single currency.

“The euro guarantees a united Europe. Or, in other words: If the euro fails, then Europe will fail. And since a Europe of democracy and freedom is our home, the euro must not fail and it will not fail,” she said.

It remains to be seen however whether her words will convince some members of her own

centre-right coalition to back EU plans to expand the euro zone bailout scheme in a vote later this month.