Monday, January 2, 2012

2012 will be 'full of danger and risk' warn Sarkozy and Merkel in their New Year messages

German chancellor Angela Merkel and French president Nicolas Sarkozy have issued grave New Year warnings on the worsening plight of the stricken eurozone.

Their words marked a sombre tenth anniversary for the single currency.

Euro notes and coins were introduced on January 1, 2002, and were hailed by supporters as the start of a new era of unity and prosperity on the continent.

But a decade later, the leaders of France and Germany – the two most powerful countries in the single-currency bloc – delivered bleak messages to their people that the economic crisis will actually worsen, not improve, in 2012.

Mrs Merkel said this year will be even more difficult than last, and vowed to do ‘everything’ to save the single currency. Read More