Merkel tells voters: Brexit, French poll changed my view on Europe

Remigio Civitarese
Luglio 17, 2017

A full fourth term would extend her chancellorship to 16 years through 2021.

"As far as an upper limit is concerned, my position is clear: I will not accept it", Merkel said when speaking in her annual "summer interview" with television channel ARD on Sunday night.

The German leader defended her fiscal police after her rival, Social Democrats candidate for chancellor, Martin Schulz, pledged to increase public investment.

"But we have realized in the past few months that Europe is more than just bureaucracy and economic regulation, that Europe and living together in the European Union have something to do with war and peace, that the decades of peace after World War Two would have been completely unthinkable without the European Union", Merkel said to applause. "I don't see the main problem in the question of whether there should be more money - you can and you must do that - but rather accelerating planning".

Merkel has said she is open to proposals of strengthening the single currency through the creation of a euro zone finance minister who would oversee a pooled budget for investments and transfers meant to help member states cushion downturns.

Hours before Merkel's interview, Schulz unveiled a campaign plan that would include "much higher" infrastructure investment.

Merkel reprised the spending theme in front of a business group on Monday, telling them in the Baltic port city of Stralsund, home to her constituency, that she'll press ahead with her trade agenda and seek full employment in Germany by 2025. He had signaled in an interview that Germany must help resolve the imbalance by promoting domestic demand through increased spending. "But Germany can do more".

The odds of Merkel's party winning the September election, are as of 10th July, according to William Hill, 1/14, whereas the company gives Schulz's SDP odds of 13/2.

Schulz, the former European Parliament President, is hoping to beat Merkel in a September 24 election but his centre-left Social Democrats (SPD) have lost momentum in the polls after gaining at first following his nomination in January.

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