Bloomberg News

Merkel Open to Concessions on Rescue Pact, Sueddeutsche Reports

March 24, 2012

German Chancellor Angela Merkel and the Christian Democratic Union are open to concessions on the euro-area rescue pact in order to win approval from opposition parties, the Sueddeutsche Zeitung said on its website today, without saying where it got the information.

Volker Kauder, parliamentary chief of the CDU and its Bavarian Christian Social Union sister party, wants to meet next week with counterparts from the Free Democrats, Social Democrats and Green Party, the newspaper said, citing unidentified political sources.

Some sort of financial-market participation in the cost of the euro crisis is among points the CDU is ready to discuss, the newspaper said. The CDU isn’t open to Germany being the only, or one of only a few, European Union countries to implement a financial-transaction tax, according to the report.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net


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