Bloomberg News

Merkel Doesn’t Yet Have SPD Support, Germany’s Steinmeier Says

October 25, 2011

Oct. 25 (Bloomberg) -- German opposition leader Frank- Walter Steinmeier said Chancellor Angela Merkel’s government doesn’t yet have the support of his Social Democrats in parliament for a leveraged European bailout fund.

Opposition parties are seeking a joint position paper with the coalition that states that another vote on the European Financial Stability Facility will follow tomorrow’s European summit, Steinmeier told reporters today in Berlin. The draft measures distributed yesterday are insufficient, he said.

“What we’ve been told in sparse words on three and a half pages yesterday about the models” to leverage the EFSF “is not something I’m going to vote on in the German parliament,” Steinmeier said. The SPD will decide on its position tomorrow before it goes to a vote in the lower house of parliament, or Bundestag, he said.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net


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