Angela Merkel vows to create 'fiscal union' across eurozone

Bundestag German chancellor says he is determined to push the amendment of treaties in the European summit next week, the EU

Angela Merkel has promised to create a "union tax" across the euro area, with broad powers to prevent a catastrophe, indicating that the process was already underway as part of the "marathon" to try to resolve the debt crisis in Europe.

German Chancellor said he was determined to push to amend the Treaty in the top of next week the EU, and reiterated once again the German opposition to the Eurobond .

before the German parliament on Friday morning, Merkel insisted Treaty amendments and stricter regulation of the lost members of the euro area were the only way out of what he describes as "the the most difficult chapter in the history of the euro, if not the toughest in the history of the European Union. "

For a full Bundestag, Merkel said it was "absurd" request of Germany was trying to "dominate" Europe - a charge that has become increasingly common after one of his deputies have made encouraging comments that "Europe now speaks German."

despite the criticism that his indecision is to accelerate the possibility of a collapse of the single currency, the Chancellor has chosen to focus on what was agreed in recent months. "It is no exaggeration to say that we have an incredible amount," he said. "In Europe, we argue and fight for small print and not on the plan as a whole," he said.

"Any person who, a few months ago, said that the end of 2011 that was taken very seriously and concrete for the stability of the European Union, the union with the tax authority its performance was considered crazy, "he said.

"Now this is exactly what is on the agenda. We're almost there. Of course, there are difficulties to overcome. However, the need for such action is widely recognized. Not only are we talking about a fiscal union, but to begin to create one. I think you can not overestimate the importance of this step. "

She said she wanted to "change the basis of [European] cooperation - through, for example, changes in the Treaty - to create a fiscal union with enforcement powers, at least for the countries of the euro area. "

• changes in the treaty, said Angela Merkel, is the head of his agenda when she went to Brussels next week to meet with his EU counterparts. The other is the search for "effective solutions to break the rule continues," he said, stressing that the European Commission and the Courts of Justice must play an "important role" to ensure that countries meet their obligations.
She said: "I want to stress that we go to Brussels with the objective of the amendment of treaties [instead of proposing new treaties big] because we want to avoid a split between European Member States and the euro zone members. "

"No one should hope that the division," he said, adding: ". The euro area must remain open for those who want to join the"

Chancellor made a sporting metaphor to explain the slow but steady approach of Germany to the crisis. "Marathon runners tend to say this is especially difficult after 35 km," he said. "But they also say that the distance can be completed if you are fully aware at the beginning of what is about to do so. You do not initiate more rapidly than is necessarily the most successful, but the feat all respects. "

Merkel said that "there is no quick and easy solution" to the crisis, "no final plan" that can be deployed to save the day - "is certainly not what some people speak before each summit, "he said. "It is neither my speech nor my way of thinking," he said, to applause from parliamentarians in his governing coalition.

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