Merkel to Hollande: must take 'necessary' eurozone decisions | world | Hindustan Times
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Merkel to Hollande: must take 'necessary' eurozone decisions

world Updated: May 08, 2012 19:06 IST
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German Chancellor Angela Merkel wrote to French president-elect Francois Hollande on Tuesday saying that the eurozone was looking to them to take the "necessary decisions" to resolve the debt crisis.

"It is up to us to take the necessary decisions for the European Union and the eurozone, to prepare our societies for the future and protect and advance prosperity in a sustainable way," Merkel wrote in a letter congratulating Hollande on his poll victory which was released by her office.

Merkel noted that Hollande was assuming power in the European Union's number two economy "at a time full of challenges".

"I am sure that our cooperation will continue to strengthen and deepen the traditionally close friendship between our peoples as we look ahead to the 50th anniversary of the Elysee treaty" between France and Germany next January, she said.

"I look forward to continuing with you on the path of assuming our shared responsibility for Europe and to working for the benefit of our countries and Europe," Merkel said.

Merkel said on Monday that she would welcome Hollande with "open arms" when he makes his first foreign trip as president to Berlin next week.

But she also made clear she had no plans to renegotiate the fiscal pact setting tough budgetary rules for EU states that she spearheaded, despite calls by Hollande to rework it to do more to foster growth.