German Chancellor Angela Merkel acknowledged that for now the euro is not having the best of times, but the single European currency will go through all the difficulties, be sure to Merkel. Moreover, she said, the euro has proven its reliability in a crisis. Confidence in the euro eroded because of rising fiscal deficits of several countries that are part of the European Union, she said. It will recover when these issues will be removed. Recall that we are talking primarily about Greece. In addition, serious problems exist in Portugal and Spain. The difficult situation in Italy, where the budget deficit is also larger than 3%. "In this regard, I am very grateful to the Greek prime minister, which is different than before, talked openly about the problems and announced the readiness of his country to consolidate the finances and restore competitiveness", - said the chancellor in an interview with Frankfurter Allgemeine Zeitung.
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