Merkel strives to accentuate the positive

Bank exchange rates are you being ripped off by your bank

German Chancellor Angela Merkel has suggested that a process is underway to introduce a ‘fiscal union’ throughout the entire euro-zone in the latest effort to stabilise the region.

In a direct address to the German parliament, Merkel chose to focus on the positive aspects of what has so far been agreed as the countries involved fight for their financial futures.

“It’s no exaggeration to say that we have achieved an incredible amount (so far). In Europe we are now arguing and wrestling over the fine print, not about the plan as a whole,” she suggested.

“Anyone who, a few months ago, had said that at the end of the year 2011 we would have taken very serious and concrete steps towards a European stability union and a European fiscal union with powers of enforcement, would have been considered crazy.”

As she heads to Brussels next week for the latest round of meetings with the other EU members, Merkel was unequivocal about the subject which would be right at the top of her agenda.

“I want to stress that we are going to Brussels with the goal of treaty changes because we want to avoid a split between euro-zone member states and non euro-zone members.

“No one should wish for such a spilt,” stated Merkel. “The euro-zone should remain open for those who want to join it.”

Transfer Money to Europe

If you are looking to invest in Europe, think carefully about how you will be transferring money to Europe. Foreign currency exchange rates quoted by banks are not usually the best way to send money abroad online.

So if you are sending money to Europe – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

Company Details

Merkel strives to accentuate the positive

Get a quick quote

Open Account with International Foreign Exchange

International Foreign Exchange are located at:
52 Brook Street, Mayfair, Greater London, W1K 5DS, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882