News Headline Summary

German Chancellor Merkel says Europe must not shy away from a treaty change if this is necessary

- There is no alternative to deepening EU ties.

Update details:

- The comments from Merkel come as she is speaking in front of European parliament, and ahead of the Chancellor's meeting later today with UK PM Cameron, wherein they will more than likely go to loggerheads in discussions on an EU budget, with the PM Cameron hesitant to commit.

Print 15:07, 07 Nov 2012 - Economic commentary - Source: Newswires