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Summary German Chancellor says Europe must co-operate more closely if it wants the euro to succeed.
As the troubled euro celebrates its 10th birthday, European leaders have used their New Years addresses to stress the need for closer union to tackle the eurozone crisis.In her New Year’s address to the nation, German Chancellor Angela Merkel warned of economic woes she said her country would face in 2012.Today you can be sure that I will do everything in my power to strengthen the euro, but this will only work if Europe learns from its mistakes, she said.One of these is that a common currency can only really be successful if we in Europe co-operate more than we have done. Europe is growing together in the crisis.”Summing up the results of 2011, Merkel mentioned the Arab Spring, the Fukushima nuclear disaster and the debt crisis in Europe, among other events.She expressed hope EU countries would eventually ride out of this crisis.
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