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A day after Germany said it supported giving Spain an extra year tocut its deficit to the 3 percent of GDP threshold, Merkel sent themessage she was ready to compromise with the opposition SPD andEuropean partners in other areas. But she once again rejected joint euro zone bonds as a solution tothe crisis and said it should be possible for countries thatviolate fiscal rules to be sued in the European Court of Justice. The comments, at a conference of her Christian Democrats (CDU) inBerlin, show that she is ready to heed calls for Germany to do morefor growth but wants other euro states to accept giving upsovereignty over their budgets in exchange. "You can't ask for euro bonds, but then not be prepared to take thenext step towards closer integration," she said. "We won't be ableto create a successful currency together this way." In a nod to the SPD, which is threatening to delay approval ofMerkel's new pact on budget discipline, she said for the first timeshe was open to introducing a financial transaction tax acrossthose euro states that support one. "We're taking a look to see if we can possibly get something donewith a few countries that have the same view," Merkel said,although she added that "unfortunately" it was not possible to geta broader worldwide agreement nor even one for the European Unionnor even the euro zone. Merkel went out of her way to praise the relatively high wage dealsthat German workers are winning this year, pay raises thateconomists believe will boost domestic consumption in Europe'slargest economy. German political leaders tend to stay out of wage talks becausethey do not want to take sides. But this year government leadershad openly called for stronger wage increases. "A good budget policy and policies to boost demand have to becombined," she said, adding that domestic consumption in Germanyshould not be throttled at all. Volkswagen, Europe's largest carmaker, said it will give workers atits German factors a 4.3 percent pay increase for a 13-month periodafter the IG Metall union secured a 4.3 percent raise for its 3.6million workers. It was the highest increase for the engineering sector since 1992. (Writing by Noah Barkin and Erik Kirschbaum; Editing by DavidCowell). The e-commerce company in China offers quality products such as Cryolipolysis Slimming Machine , Spa Capsule Manufacturer, and more. For more , please visit Ultrasound Cavitation Slimming Machine today!
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