Wednesday, 16 May 2012

Hollande meet Merkel to ease Europe crisis

Hollande flew to Berlin on Tuesday hours after he was sworn in as president.On Euro debt crisis Angela Merkel Chanellor of Germany propagates  Austerity is key to the solution for growth of Europe. Hollande President of France told reporters after the meeting that he made the visit on his first day in office to show  friendship with Germany we will work together to overcome difference.We have the obligation to tackle the problem together Merkel said and they have difference of opinions but have something common ,committed to continue to work together.We have the utmost responsibility for the further development of Europe said German Chancellor Angela Merkel.Two leaders indicated that they will discuss economic stimulus measures.

  Two Leaders expressed hope that Greece will  keep its agreements with the European Union and stay in the eurozone. Hollande said he wants to tell Greek leaders that the EU will take steps to promote growth.During his election campaign, Hollande criticized EU responses to the debt crisis for focusing too much on austerity. Merkel has taken the initiative in the matter.Differences between the two leaders raised concerns that the two key EU members would be unable to take concerted action.

At the back drop of their meet when Hollande tell Greek Leaders that EU will take steps to promote growth.Political leaders in Greece are criticizing each other over their attitudes toward austerity measures ahead of a new parliamentary election.President Karolos Papoulias will convene a meeting on Wednesday to form a caretaker government after 9 days of power-sharing talks broke down the previous day.

Local media reports that the new election will be held in mid-June at the earliest. Austerity measures will be once again on top of the agenda

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