Bloomberg News

Merkel’s Calmness Is Asset During Crisis, VW Chief Tells Welt

March 03, 2012

Chancellor Angela Merkel’s “unemotional and level-headed” approach in tackling the debt crisis is an asset, Volkswagen AG (VOW) Chief Executive Martin Winterkorn told the Welt am Sonntag newspaper.

Foreign observers “fully admire” the role played by Germany in diffusing the crisis while they are also concerned about the country showing at times a “tendency toward megalomania,” Winterkorn is cited as saying in the interview that’s scheduled to be published tomorrow.

Most countries want to learn from German labor-market policy, including “how we have managed to make our cars built by such well-trained people,” Winterkorn said, according to an advanced copy of the article.

Winterkorn said that developments in Greece remain a source of concern. Doubts whether the country can fulfill conditions set for a financial bailout and whether it can get its economy on its feet “are growing,” he said.

To contact the reporter on this story: Brian Parkin in Berlin at

To contact the editor responsible for this story: James Hertling at

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