Merkel tells Germans they need the euro

31st December 2010, Comments 0 comments

Chancellor Angela Merkel stressed on Friday the importance of the euro to Germany, after polls showed voters going cool on the single currency following the Greek and Irish debt crises.

"Europe has faced a big test in recent months. We have to strengthen the euro. It is not just about our money. The euro is much more than a currency," Merkel said in her New Year's address.

"Fortunately, we Europeans are unified. A unified Europe is the guarantor for our peace and freedom. The euro forms the basis of our prosperity," she said.

"Germany needs Europe and our common currency, for our own well-being and also in order to overcome big challenges worldwide."

Germany is the biggest contributor to bailouts given to Greece and Ireland -- there are fears others might also need help -- putting Merkel under fire and denting the popularity of the euro among voters.

A poll published this week by the mass-circulation daily Bild, which was highly critical of the rescues of Greece and Ireland, found 49 percent of those polled wanted the deutschmark back.

"We Germans live up to our responsibilities, even if sometimes this is hard," Merkel said.

© 2010 AFP

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