Bloomberg News

Merkel Ally Opposes Marshall Plan for Greece, Tagesspiegel Says

February 04, 2012

Feb. 4 (Bloomberg) -- Peter Altmaier, the chief whip for Chancellor Angela Merkel’s Christian Democrats, opposes a Marshall Plan for Greece, Tagesspiegel reported, citing an interview.

The idea of buying growth with government money was adopted in the 2008 financial crises and accelerated the outbreak of the debt crisis, the newspaper cited him saying in a preview of an article for tomorrow’s edition. Such a stimulus plan isn’t possible now because there is no money left to spend, Altmaier said, according to Tagesspiegel.

--Editors: Linda Shen, Emily Bowers

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.


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