Merkel: Eurozone is sticking together, ready to take necessary political action
- Each eurozone country must make contribution to euro functions
- We must tackle euro zone problems at their roots, need to toughen stability pact
- On exit strategies, says concerned about extent of international coordination
- Will focus on coordinated exit strategy in Europe (well , that’ll make a nice change)
- Every financial product, actor, financial centre must be regulated in future
- Banks must not be allowed to blackmail states
- Hope international bank levy can be agreed
- Will push for bank levy at G20 summit
- Sould have European rating agency
- Discussion about imbalances cannot question German competitveness
- Must be on guard against protectionism
- Haven’t done enough yet to prevent deep financial crisis in the future
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