Merkel: euro faces "existential test"
15:42, 19 May 2010
BERLIN. May 19. KAZINFORM German Chancellor Angela Merkel said on Wednesday that euro is facing an "existential test" and if euro fails the whole Europe will fail; Kazinform refers to Xinhua.
Merkel said that in a parliament debate on the Berlin's share in the 750-billion-euro (932-billion-dollar) eurozone rescue plan.
She said, euro is facing "biggest test" in decades and "it is about no more and no less than the preservation of the European idea. That is our historic task; if the euro fails, then Europe fails."
Merkel also urged EU member states to accelerate their budget consolidation; Kazinform cites Xinhua.
See www.xinhuanet.com/english2010/ for full version