Merkel Expected to Call for Stronger EU

Chancellor Angela Merkel will call for a stronger European Union in a speech in London that may disappoint Prime Minister David Cameron, according to a German government official with direct knowledge of her preparations.

While Merkel will use her address tomorrow to echo Cameron’s calls for reform of the EU, she will stress that all changes must be carried out to strengthen and not weaken the 28-nation bloc, said the official, who asked not to be named because the diplomacy before the trip is private. Only through a stronger EU can Europe remain competitive in a globalized economy, Merkel will say, according to the official.

“The expectations of the British press are clearly too high,” Steffen Seibert, Merkel’s chief spokesman, said in Jerusalem yesterday when asked about the chancellor’s speech. He declined to comment on the specific content of her address.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.