One of the leaders of German Chancellor Angela Merkel’s government said he would scrap the coalition and leave over recent agreements to bail out debt-ridden eurozone member states.
Bavarian Governor Horst Seehofer, who heads the Christian Social Union (CSU) party, which is part of the ruling coalition government along with Merkel’s Christian Democratic Union party, said he was not pleased with recent concessions between Germany and other states over bailouts.
“Eventually, there will be a time when the Bavarian government and the CSU can no longer say ‘yes.’ Then I would not personally endorse it either,” Seehofer told Stern magazine in an interview on Tuesday. “And the coalition without the CSU has no majority.”
Seehofer, considered a conservative member of the coalition government, said his “biggest fear is that the financial markets will ask: Can Germany shoulder it all? That is the point that I think is the most dangerous of all.”
He has assailed the coalition government in recent days over domestic issues as well, telling Stern publication that Merkel needs to explain what agreements were made at the European Summit last week.
Merkel agreed last week to short-term assistance for Italy and Spain, allowing the permanent European Stability Mechanism bailout fund to help banks directly.“The fact that others want our money without expecting too much of themselves is deeply human. But there is no solution to the problem,” Seehofer added.
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