Economic Shocks Bringing Inevitable Political Union In Europe Closer as Governments Forced to Pool Wealth Together | Democracy, elections, and voting

Merkel urges ‘political’ union, Spain rating slashed

German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international calls for action as a brutal Spain ratings downgrade added another twist to the eurozone crisis. In the United States, Federal Reserve Chairman Ben Bernanke became the latest to sound a warning.