29.04.2012 - 18:00 [ Gulf Times ]

Merkel backs calls for stronger EIB, more flexible use of structural funds

The change of rhetoric is also a response to the likelihood that Socialist Francois Hollande will win a French presidential runoff on May 6. Hollande has criticised Merkel’s emphasis on budget cuts and structural reforms.
“I can imagine that we further strengthen the capabilities of the European Investment Bank,” Merkel told the Leipziger Volkszeitung, according to a preview of her interview.