Merkel held the opening speech at the Davos Economic Forum (Photo: World Economic Forum)

Merkel: Transfer more powers to EU, not more money to bail-out fund

German Chancellor Angela Merkel has said transferring more powers to EU institutions rather than increasing the size of the eurozone's future bail-out fund is the way to overcome the euro crisis.

"We have said right from the start that we want to stand up for the euro, but what we don't want is a situation where we are forced to promise something that we will not be able to fulfil," Merkel said Wednesday (25 January) in the opening speech of the World Economic Forum, an informal gatheri...

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