-
German anti-euro backlash gathers pace
The backlash against Germany’s apparent readiness to dig still deeper into taxpayers’ pockets to stem the euro’s malaise is gathering momentum. As Finland fuels alarm over a possible unraveling of economic and monetary union (EMU), a protest action by 172 German economics professors slamming Chancellor Angela Merkel’s agreement on direct recapitalization for ailing European banks has sparked a furious war of words with the Berlin government. Wolfgang Schäuble, the German finance minister, says he’s “indignant” at the gauntlet laid down by the academics. Merkel claims that the summit move at end-June ... (full story)