IPFS News Link • World News
Italy at Breaking Point, Merkel Calls for 'New Europe'
• CNBCMerkel said Europe's plight was now so "unpleasant'' that deep structural reforms were needed quickly, warning the rest of the world would not wait.
"That will mean more Europe, not less Europe,'' she told a conference in Berlin.
She called for changes in EU treaties after French President Nicolas Sarkozy advocated a two-speed Europe in which euro zone countries accelerate and deepen integration while an expanding group outside the currency bloc stayed more loosely connected — a signal that some members may have to quit the euro if the entire structure is not to crumble.