Tag Archives: Euroblown : Could Little Cyprus Cost Merkel The German Election?

John Ward – Euroblown : Could Little Cyprus Cost Merkel The German Election? – 9 January 2013

John WardHow odd it would be if Cyprus was the straw that broke Merkel’s electoral back

Suddeutsche Zeitung is reporting this morning that the SPD may block a Cyprus bailout on the grounds that it refuses to support tax dumping and money laundering. SPD chief Sigmar Gabriel is quoted as saying that the SPD could not approve a package for the Cypriot banks on the basis of current information available. If Angela Merkel were seeking SPD support (which she will need to get the package through the Bundestag), she will have to come up with good reasons, he said….a scenario he clearly considers implausible. Continue reading