German Chancellor Angela Merkel has warned UK lawmakers that their wish for a fundamental overhaul of the way Europe is run is unlikely to be satisfied.
However, in her speech to both houses of the UK Parliament on a state visit Thursday, the Chancellor added that the European Union needs to reform its political shape to keep up with the times and emerge stronger from the financial crisis.
In the run-up to Merkel’s speech, the British press reported that Prime Minister David Cameron was hoping Merkel would use her address to provide some backing for the U.K.renegotiating its EU membership.
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Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
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