Germany to work for strong euro: Merkel

26th May 2010, Comments 0 comments

German Chancellor Angela Merkel said Wednesday her country would push "with all our strength" for a strong euro, saying Germany had been a prime beneficiary of the single European currency.

"I want to (make) a very clear statement," she told a gathering of German and Saudi businessmen in the Saudi Red Sea city of Jeddah.

"Germany as the largest exporting nation, the largest economy in the European Union, has strongly benefited from the euro in the past."

"Therefore, we will work with all our strength for a strong euro."

But Merkel added that to shore up the currency and boost European competitiveness, the euro countries had to be aligned on the side of the regions fittest economies, and not its weakest.

"That is the goal that Germany is pursuing. If we do not achieve this goal, we will not be competitive in the world," she said.

© 2010 AFP

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