German Economy Minister Philipp Roesler said he’ll fight attempts across Europe to weaken the euro, pledging that his Free Democratic Party will stand up for central-bank independence before federal elections on Sept. 22.
Frank Schaeffler, a lawmaker for the German Free Democratic Party, warned against a future permanent European rescue fund with its own banking license, Handelsblatt reported, citing a guest editorial from the politician.
Frank Schaeffler, the parliamentary finance spokesman for Germany’s Free Democratic Party, criticized Foreign Minister and FDP member Guido Westerwelle’s reform plan for the European Union, saying it’s not compatible with liberal principles, Handelsblatt reported on its website.
Chancellor Angela Merkel is considering easing Greece’s bailout terms, fanning tensions with members of her coalition who oppose giving the Greek government any more concessions, two German lawmakers said.
Mario Draghi defied his own staff at his first meeting as European Central Bank president and voted to cut interest rates. As the crisis rages on nine months later, he is shaping the institution more and more in his own image.
German Chancellor Angela Merkel is being buffeted by domestic political turbulence, threatening to distract her efforts to follow through on a European summit agreement last week to tackle the euro debt crisis.