“Either we win together or we all lose. We want to win together”, German Chancellor Angela Merkel said in the EU Parliament after gloomy forecasts on German growth were released during the day, also sanctioned by Mario Draghi's concern. "Germany will do everything so that the EU can keep its promises of freedom and prosperity, we need a globally competitive Europe" Merkel said, noting that she reassured: "We Germans must not forget that the successful development of our country cannot be separated from the development of Europe”.
The Chancellor points to an ambitious road map for the December summit "to renew our economic and monetary union" which "should include concrete measures that can be made operational in the next two to three years". Measures for economic governance, including "effective" single banking supervision. If necessary, to overcome the crisis, the EU must not rule out changes to the treaties and "better coordination" of budgetary and economic policies is needed.
"We are experiencing a major euro crisis but there is an even bigger crisis ahead if the European economy fails to recover," he said. This is why it is very important to reach an agreement on the multiannual budget at the EU summit on 22-23 November: "Without it we will find ourselves in a situation in which no investor will have certainty of the reference framework from 2014, given that the use of European funds and of co-financing, we would send the negative signal of a disunited Europe” to the whole world.
Merkel, who this evening will leave for London to meet Prime Minister Cameron who has been threatening her veto on the European budget for weeks, thus launched an appeal to Great Britain not to isolate itself from the EU and to share the "joy" of belonging to the European Union: "Britain is a beautiful island, but you don't have to isolate yourself," he said. addressed in particular to Eurosceptic Nigel Farage who suggested accepting "a friendly divorce" with London. Cameron has been threatening his veto on the EU budget for weeks.
