Joseph Daul at the EPP Congress in Marseilles, speaking at the EPP Congress in Marseilles. "We will not allow ourselves to be hindered in our effort to rebuild the 'House of Europe' by those who refuse to move forward. But we cannot build a solid, safe house if those living in it don't feel comfortable" - Speaking at the EPP Congress in Marseilles on the eve of the European Council, the Chairman of the EPP Group (center-right) of the European Parliament called for Europe to choose "the right path". "The right path is that of governance of the Euro through freely-shared sovereignty on budgetary, tax and social aspects. The right path is that of a common effort from the 27 Member States, and an even bigger effort from the 17+ Euro zone countries, to better manage their public finances and to help entrepreneurs create new wealth and jobs." Joseph Daul said that the EPP has the heavy responsibility of getting Europe out of the crisis: "But the EPP has always proved in the past that it is up to meeting challenges, be it the creation of the European Community, European reunification, the Single Market or implementing moral standards for the financial markets." Finally, the Chairman of the biggest parliamentary Group in Europe called for "great caution on how we plan our exit from this crisis." "We will either succeed or divide, depending on whether our plans are inclusive - equally respecting small and bigger Member States - or dictated. Depending on whether we prioritize relative strength or whether we prioritize cohesion, we will either emerge from this crisis or we will stay mired in it." On any eventual change to the European Treaties, Joseph Daul said that if the Council is in favor, the European Parliament and the European Commission, guarantors of the general European interest, will actively play their role in the negotiations.
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They might not be Hollywood's latest couple, but Angela Merkel and Nicolas Sarkozy are sharing the starring role in the debt drama engulfing the eurozone and holding markets in its thrall.
Hence the portmanteau nickname bestowed upon the German chancellor and French president who, after years of hostility, have entered an unlikely marriage of convenience in an attempt to save the single currency.
Having initially been dubbed "Merkozy" by the French press, the moniker has been gaining traction since the autumn. During the last week, it has become even more prevalent as the pair thrash out proposals to toughen up fiscal displine ahead of a make-or-break eurozone summit this Friday.
Some have tried using variants of the label, such as "Markozy", but "Merkozy" has stuck and the nickname is becoming an internet search term as more people seek tales of the pair online.
The Telegraph used the sobriquet as far back as September, when it wrote that a "Merkozy" effect was sweeping across the markets following reassurances by France and Germany that Greece would not default on its debts any time soon.
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The term has caught on in the German media too, where tabloid newspaper Bild asked: "Merkozy - looks like the new Europe?"
With numerous column inches dedicated to the marriage of Merkozy, an unlikely relationship has therefore prompted an even more unlikely epithet.
At its last update to the Oxford English Dictionary in September, lexicographers added words such as Britcom (a British comedy) and securocrat (a government functionary overly concerned with security).
Could "Merkozy" be the next portmanteau to make it into the OED?
Merkozy, an unhealthy melange of "sour" Kraut and cheesy Frog. Recommended by 0 person
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