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Europe Lacks Structures To Make Euro Work Properly, Merkel Says

Europe does not now have the "political structures" to make the euro work properly, German Chancellor Angela Merkel told world leaders today.

At the World Economic Forum in Davos, Switzerland, The Associated Press reports, "she said the weaknesses 'arose over years — so they can't be overcome at one fell swoop.' "

But, Merkel added, "we are determined to do this."

The German leader "did not immediately elaborate on how that would happen," the AP adds. Bloomberg News reports she also said European governments are determined to get their budgets and debts under control.

Her appearance is being streamed here.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

At Food World 'Oscars,' Category Sneakily Redefines All-American Cuisine

Most James Beard awards go to haute cuisine, but one prize recognizes classic neighborhood joints. And increasingly, the winners are immigrants whose cultures haven't yet dissolved in the melting pot.
NPR

At Food World 'Oscars,' Category Sneakily Redefines All-American Cuisine

Most James Beard awards go to haute cuisine, but one prize recognizes classic neighborhood joints. And increasingly, the winners are immigrants whose cultures haven't yet dissolved in the melting pot.
NPR

Trade Opponents Leak Documents They Say Show Corporate Influence

Environmentalists opposed to a US-EU trade deal say documents they leaked prove corporations have too much say. But EU officials say that's "flatly wrong."
NPR

Left Behind In The Mobile Revolution, Intel Struggles To Innovate

As PC sales fall, the Silicon Valley giant is struggling to remake itself to keep up with cloud computing and mobile. Intel recently announced the layoff of 11 percent of its workforce.

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