June 20, 2013 | 02:24 PM (BD Time)
20 June, 2013 Thursday
No polls until doomsday if caretaker comes: PM ; SC appoints 2 amici curiae for Quader Mollah appeal hearing ; 3 robbers killed in Sunderbans ; India floods strand thousands: more than 100 dead ; 8 killed in lightning strikes in C'nawabganj ; RMG factory catches fire in city ; ACC a toothless tiger : Chairman ; Obama in berlin calls for US-Russia nuclear weapons cuts; 18-party to stage demo countrywide on June 22 ; DCC elections after Eid-ul-Fitr : EC ;
Merkel insists on two-speed Europe
Angela Merkel said a core group of states needed to press on with European integration to fight the eurozone crisis, a rebuke to David Cameron, UK prime minister, who has called for more short-term crisis measures.
Only hours before Cameron's visit to the federal chancellery, Germany's chancellor said nations "in a currency union have to move closer together", reinforcing the shift to "a multi-speed Europe" which began with the introduction of the single currency.
"We cannot just stop [the process] because one or other doesn't want to join in yet."
Ms Merkel seemed intent on highlighting what Berlin perceives to be a contradiction between the UK's refusal to sign up to strict new EU fiscal rules and Cameron's call for more intervention in the crisis-a stance which has irritated many in the German capital.
With Spain straining to recapitalise its banks and Greek reforms in doubt, Downing Street on Wednesday signalled that Cameron would use his Berlin visit to urge Ms Merkel to take quick steps to pull the eurozone back from the brink of disaster.
Her meeting with Cameron in the chancellery-which included a good-humoured 90-minute discussion with students-came amid a chorus of calls for the eurozone, and Germany in particular, to do more to quell market turmoil.
The UK government has in recent weeks called for near-term measures including a bigger eurozone rescue fund to act as a firewall against financial market contagion, and jointly issued eurozone bonds-ideas which the German government has repeatedly rejected as unnecessary as it pushes for longer-term fiscal integration.
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