Germany Will Continue Euro Support: Official

NEW YORK ( TheStreet) -- Germany will continue to play a lead role in helping to solve the European sovereign debt crisis, said Jorg Asmussen, Germany's deputy finance minister, during a Bloomberg conference Tuesday.

"We do this because we are deeply convinced that the Euro is in our interest. It is in our interest to deliver financial stability, sound policy and competitiveness. We need to put a package together where there will be solidarity," Asmussen said.

Asmussen added that he believes the program will be successful, even though implementation will not be easy.

"The debt sustainability of Greece and Ireland, which was carefully examined by the International Monetary Fund, will return. The key is to grow out of your difficulties. The aim is to meet debt sustainability at the end of the program," he said.

Germany is playing an important role in the Europe and will continue to take a leadership role, Asmussen explained. "I would say we should work very hard and Germany is willing to contribute its share that we solve the problems in the Euro zone."

--Written by Maria Woehr in New York.

To contact the writer of this article, click here: Maria Woehr.

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