German Chancellor Angela Merkel has called on the member states of European Union to implement further structural reforms, as Europeans continue to struggle with austerity measures.
Merkel made the comments on Saturday, saying that progress of her country’s economy depended on the improvement of the European economy.
" That ' s why it ' s very much in Germany ' s interest to do everything it can to ensure other states implement structural reforms, that budgets are made solid and that economic activity is stimulated in this way, " the German chancellor said added.
Merkel also praised some countries in the region for already carrying out structural reforms. In April, French Consumer Affairs Minister Benoit Hamon slammed Merkel for her support of "failing" austerity measures in EU countries. He added that most European leaders and economists opposed the crippling measures and that Germany was the only economy that was "resisting, opposing, vetoing." Merkel is seeking a third four-year term in September elections. The European financial crisis began in early 2008. Insolvency now threatens heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland, and Spain. The worsening debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered massive demonstrations in many European countries.