Germany’s Social Democratic chancellor candidate Peer Steinbrueck assailed an expanding wealth gap and unhindered capitalism that he accused Angela Merkel of failing to check as he attempted to gain traction in his campaign to unseat her.
Europe needs a new Marshall Plan to help economic “reconstruction” in debt-crisis battered states just as the original plan helped rebuild the continent after World War II, German Social Democrat leader Sigmar Gabriel said.
Chancellor Angela Merkel confronted a growing chorus of skepticism from inside and outside Germany’s coalition on bailout financing for Cyprus, possibly endangering her majority among lawmakers who will have to approve any aid.
German Social Democratic leader Sigmar Gabriel said Europe needs a growth pact in addition to its fiscal pact to stop the debt burden from rising, Welt reported in a preview of a story that will run tomorrow, citing Gabriel.
German Chancellor Angela Merkel may be preparing a rerun of her “grand coalition” with the Social Democrats to secure re-election, an alliance that would pit their backing for euro bonds against her demand that the region embrace austerity to solve the debt crisis.