Merkel says Germany will do what's needed for euro

German Chancellor Angela Merkel poses moments after delivering her New Year's television address to the nation at the Chancellery (Bundeskanzleramt) on December 30, 2010 in Berlin, Germany. (Photo by Henning Schacht-Pool/Getty Images)

BERLIN, Jan 19 ( KATAKAMI.COM / THE ECONOMIC TIMES) —Germany will continue to do what is necessary to guarantee the stability of the euro, Chancellor Angela Merkel said in an interview with Stern magazine released on Wednesday ahead of publication on Thursday.

Merkel told the weekly magazine there would be “no return to the deutsche mark” and said Germany is commited to the euro “and will continue to do what is necessary to guarantee a stable euro.”

Merkel said she was in favour of improving coordination of euro zone nations. “What’s at stake is more common policies on taxes and social issues, on labour laws and wage developements in the public sector. We’ve got to coordinate…to dismantle the at times considerable discrepancies.”  (*)

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