Euro zone countries have always shown solidarity towards each other and that will continue during the financial crisis, German Chancellor Angela Merkel said on Thursday.
“We have shown solidarity and things will stay like that,” Merkel told reporters at a news conference.
She also said it was important for euro zone countries to feel an obligation to the Stability and Growth Pact although it was not clear at this stage how European nations would get back on that path.
Merkel also said Ireland, which is facing ballooning deficit levels, was in a different situation from some other members of the euro zone. “A country like Ireland is in a very different situation from a country that has fewer banks, such as Slovakia,” Merkel said. (Reuters)