Finance minister calls for European solidarity to tackle debt crisis

[FarCenter]

In an interview on Saturday, Germany's Finance Minister Wolfgang Schäuble called for European solidarity to get to grips with the eurozone's mounting debt crisis.

"We are going to reinforce the stability pact," Schäuble told German weekly Der Spiegel, referring to the 1997 Stability and Growth Pact among the 17 nations in the eurozone. "But though we would like to strengthen European institutions straight away, we can only do it step by step," Schäuble said.
...
"We must have Europe's citizens with us," he added. "When we created the euro we were not able to simultaneously create a political union, people were not ready. "In the intervening time, the willingness to go in this direction has increased," Schäuble said.

http://www.dw-world.de/dw/article/0,,15315227,00.html

Interesting. Will the "two-speed" EU emerge, with the Eurozone core undergoing political consolidation that leaves the periphery behind?