Merkel warns 'if euro fails, Europe fails' as she urges 'compromise'

[WorldNews]

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German Chancellor Angela Merkel stressed Monday that amid the Greek crisis Europe needs the ability to compromise, warning if the "euro fails, Europe fails", but insisted the bloc must also stick to its principles. As Greece hurtles toward an EU-IMF default and deeper turmoil after the weekend breakdown of debt talks with creditors, Merkel said that if the "capability to find compromises is lost, then Europe is lost". It would damage us in that we (Europe) would cease to be relevant in the world, that our unity disappears.

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