Ahead of Wednesday evening’s emergency EU summit, Angela Merkel warned Germany’s parliament that Europe was facing its most difficult situation since World War Two.
The Chancellor has fought to get support for what she calls workable long-term solutions against German worries that, in the short term, they are paying for everything.
“Today we are going to discuss ways of making sure that the European Financial Stability Facility will get the biggest possible firepower to avoid the danger of a contagion of the crisis,” she told the Bundestag.
She said all solutions involving a participation of the European Central Bank would be off the table.
“We will not even discuss them.”
Merkel has said European politicians should not shy away from making drastic changes to rules, and even changes to treaties governing the EU should not be a taboo. At the mention of treaty changes ears have pricked up in eurosceptic Britain, with some there saying it is the right time to cut a better deal.
“We don’t know exactly when treaty change will be proposed, how great that treaty change will be, but I am absolutely clear and the coalition is absolutely clear that there will be opportunities to advance our national interest,” Prime Minister David Cameron told the House of Commons. “That is what we should be focused on.”
Britain’s parliament rejected a call for a national referendum on European Union membership on Monday, despite a large-scale rebellion against David Cameron by lawmakers who want to opt out of the bloc.
Merkel and Cameron grapple with reluctant parliaments