Thousands of Afghans were moved to UK in secret scheme after data breach    Trump says attorney general should release any 'credible' information on Epstein    Yemen postpones execution of Indian nurse on death row    Mike Waltz grilled over Signal leak at UN ambassador hearing    Saudi Arabia bans grocery stores from selling tobacco products    Saudi Arabia to expand railway network by over 50% under transport strategy    Health official warns against unsupervised use of weight-loss drugs like Ozempic, Mounjaro    Saudi tech and innovation delegation explores AI and space partnerships in UK    SFDA refers illegal cosmetics facility to prosecution over expiry date tampering    King Salman chairs Cabinet session, endorses international cooperation and national development initiatives    King Fahad National Library extends weekend hours    GASTAT: Inflation remains stable at 2.3% in June    Saudi Arabia leads MENA in venture capital with $860 million in H1 2025    Biggest human imaging study scans 100,000th person    Beyoncé's unreleased music stolen from car during Cowboy Carter tour    First Harry Potter image released as production begins    Jorge Jesus returns to Saudi Arabia as Al Nassr head coach on one-year deal    Jannik Sinner beats Carlos Alcaraz to win his maiden Wimbledon title    Chelsea defeat PSG 3-0 to win first expanded Club World Cup    Theo Hernández: Al Hilal can compete with Europe's best    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    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.