Speaking before a session of Parliament in Berlin, Mrs. Merkel referred to a proposal made last week by Wolfgang Schäuble, the German finance minister. As she described the proposal, “It would even be possible to exclude a country from the euro zone when over the long term it no longer fulfills the conditions.”
“Otherwise, we can’t work together,” Mrs. Merkel said, though she stopped short of explicitly endorsing the idea. This week, finance ministers for the 16 countries in the euro zone promised loans, if necessary, to help Greece overcome its debt problems.
The ministers have not yet agreed about how to structure the aid, and Mrs. Merkel’s statement on Wednesday seemed to suggest that European leaders were interpreting the aid promise in different ways.
For more: Merkel Urges Stricter Rules for Euro Zone - DealBook Blog - NYTimes.com
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