Germany is not for turning on how to save the euro

Commentary feature by Guido Westerwelle, Foreign Minister of Germany.

He wrote that at the European Council in December 2012 the countries of the EU should agree on establishing a convention for a limited treaty change. Its mission would be to strengthen the economic and currency union, no more, but no less. The process leading to sanctions should in the future be triggered automatically. There need to be binding rights at the European level regarding the budgets of eurozone states which continuously deviate from the fiscal straight and narrow.

To overcome its weaknesses the eurozone needed deeper integration through tighter economic governance and tougher rules for the stability pact.

ESO: Background information: Merkel's party to back her on Europe policy / Merkel urges stronger union to back euro / Merkel delights her party but not London http://www.europeansources.info/record/merkels-party-to-back-her-on-europe-policy-merkel-urges-stronger-union-to-back-euro-merkel-delights-her-party-but-not-london/

ESO: Background information: Find other Commentary Features in ESO on Challenges facing EMU http://www.europeansources.info/advSearchLink?keyword=commentary%20feature%20emu%20challenges%20&searchOption=all

Berliner Zeitung, 22.11.11: Europe sprechs German now (via PressEurop) http://www.presseurop.eu/en/content/article/1200181-europe-sprechs-german-now

Spiegel Online International, 21.11.11: Germany's Finances Not as Sound as Believed http://www.spiegel.de/international/europe/0,1518,799059,00.html

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