Monday September 28, 2020

Merkel says bailouts here to stay as Schaeuble warns on EU

German Chancellor Angela Merkel told her domestic critics that bailouts are here to stay, even as her finance minister warned against placing too much faith in the ECB’s ability to stop the crisis.

3rd September, 2012
German Chancellor Angela Merkel and her finance minister Wolfgang Schaeuble.

German Chancellor Angela Merkel told her domestic critics that bailouts are here to stay, even as her finance minister warned against placing too much faith in the European Central Bank’s ability to stop the crisis.

Merkel made a foray away from crisis fighting today as she traveled to a traditional political gathering in a packed beer tent in southern Germany to confront anti-bailout critics in her government coalition. Countries such as Greece “deserve...

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