World Bank President Robert Zoellick, accuses Germany for lack of leadership in the debt crisis in the eurozone

World Bank President Robert Zoellick, accuses Germany for lack of leadership in the debt crisis in the eurozone. Chancellor Angela Merkel's policy is a somehow kind of way of coping, "Zoellick said in an interview to the press. Zoelick defined the German government has no concept and no vision, while Merkel charges that are facing the crisis of the euro without a plan clear. According to him, it will cost more. Europe there is still a concept, how to solve the crisis, but the economy and markets need guidance and clarity, he said.

With the umbrella for the salvation of the euro only bought time, said Zoelllick. And its only the size of Germany gets a leading role in tackling the crisis, said the American, who a few days ago it was suggested to Chancellor Merkel on the state of emergency loans to many European countries.

World Bank President Robert Zoellick has forcefully criticized the lack of Germany's leading role in the crisis by addressing specifically the euro Merkel. "When 20 years ago the eastern bloc crumbled, the then Chancellor Helmut Kohl had a vision of how things should be developed. It now lacks, and more able to extend it, the more money it costs, and fewer options for settlement will be "- Zoelick said.

He urged Germany to take more responsibility to resolve the crisis. Further, zelik said that German taxpayers have shown them a clear course, "the political leadership saith unto them, in what way Europe is going, whether to establish a political and financial union to protect the euro area". Even at the beginning of September came the first criticism by World Bank chief, warning that the world economy was entering a new area of ​​risk. "

Ireland, again in the capital market

Ireland is the first of the problems of the eurozone countries, which will leave the umbrella of salvation and will return again in the capital market. Starting next year, the government will try to issue bonds in the market again, Irish Prime Minister Enda Kenny said in a television interview. In addition, Prime Minister expects the rating agencies soon make a positive rating for Ireland.

Among eurozone countries with high debt, Ireland has taken an exemplary development, said Kenny. Last year Ireland was involved in a severe state. As a result she was forced to accept the umbrella of the EU's rescue and the IMF. discussed the International Monetary Fund to provide 1.5 billion euros for Ireland `t come to the aid of the difficult financial situation.

According to the IMF statement the Irish government has worked hard to implement reforms to restructure the economy, these reforms aimed at reducing debt and budget deficit. Last year, the finance ministers of the EU agreed to provide 85 billion euros in aid to Ireland, when the latter asked for financial assistance as a result of the crisis that was sweeping the financial system.

In exchange for this assistance, the IMF established a plan for saving 15 billion euros of measures with a 4-year term which explained in detail, raising taxes and reducing expenditures.