Nissan to lay off thousands of workers as sales drop    Trump picks Susan Wiles as White House chief of staff    Three charged in connection with Liam Payne's death    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    Uproar in Ghana after president unveils his own statue    BD and INS partner to elevate standards of infusion care in MENAT    Qassim emir launches 52 health projects costing a total of SR456 million    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Portugal, euro questions dominate Merkel visit to Malta
Published in Saudi Press Agency on 10 - 01 - 2011


Questions about the strength of the euro and the
Portuguese economy were some of the key issues German Chancellor
Angela Merkel discussed Monday during her first-ever visit to Malta, according to dpa.
Concerns that Portugal could need a bailout have pushed the euro
to its lowest level in four months and renewed jitters about European
government debt.
But Merkel stressed Monday that Germany would never seek to force
another eurozone member to seek a bailout it didn't think it needed.
"We believe that every country has to make its own decisions," she
said. "We have never and would never, in any situation, apply
pressure on another nation."
But she added that Germany wants "a strong, stable Europe, a
strong euro."
Portugal has insisted for weeks that it will not need a bailout.
However, that has done little to calm investors, who watched last
year as Greece and then Ireland were left with no choice but to
request bailouts that came with requirements for stiff reforms.
Merkel called upon other eurozone countries to implement heralded
reforms in their budgets.
"We have believably shown, that there are new starts, especially
in the stability culture of the entire European Union," said Merkel.
"This trustworthiness must now be proven by fulfilling
responsibilities that have to be taken up individually."
Changing behaviour to achieve more stability would work, she said,
noting a major change in the way Europe has accepted its new
budgetary responsibilities. But she also warned the sins of the past
must not be repeated.
Maltese Prime Minister Lawrence Gonzi also called for more moves
to shore up Europe's state budgets, saying all tools must be employed
to stabilize the financial system. He pointed to Malta's own efforts
to boost economic growth, which Merkel praised.
"Malta has permanently brought in a new stability culture to the
European Union."
On other issues, Gonzi thanked Merkel for her offers to help Malta
overcome its refugee problem. Merkel noted that the refugee problem
has to be addressed in Africa.
Merkel also made a call for a European-wide electrical energy
network ahead of a February 4 EU summit on energy. Such a move would
create a continent-wide market for energy.
The German chancellor is to travel from Malta across the
Mediterranean to the divided island of Cyprus on Tuesday.


Clic here to read the story from its source.