Germany’s role in imposing the euro bloc’s first levy on bank deposits, in Cyprus, shows Chancellor Angela Merkel’s dilemma in explaining to voters facing September elections why they should pick up the tab for another bailout.
German Chancellor Angela Merkel’s government will study a decision by voters in neighboring Switzerland to introduce fresh curbs on manager compensation, an election-year show of willingness to tackle “excessive” pay.
Germany will back European Central Bank bond purchases to help overcome the euro-area debt crisis only if such an operation is limited and recipient countries agree to strict conditions, said a senior ally of Chancellor Angela Merkel.
Spain and Italy are doing enough to curb deficits and investors are unreasonable if they expect European governments to put up yet more money to combat the debt crisis, according to a senior lawmaker from Chancellor Angela Merkel’s party.
Euro region states that tap aid in the debt crisis should sell gold reserves and buy back their sovereign debt, Michael Fuchs, a lawmaker from German Chancellor Angela Merkel’s Christian Democrats, was cited as saying by Wirtschaftswoche.