Friday 11 November 2011

EU dismisses rumours of 'two-tier eurozone'


Euronews | Nov 10, 2011
http://www.euronews.net/ German Chancellor Angela Merkel and officials from France and the EU have denied planning to create a two-tier eurozone, separating the stronger economies from those seen as weak.

Speculation grew after a news agency reported informal talks on the subject had taken place between the two countries. President of Euro Group Jean-Claude Juncker was scathing of the idea: "I'm allergic to such stupidities that are conveyed by some and that aim to put divisions within the euro. The euro is a solid group," he said.

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