Bloomberg News

Meister Rejects Europe Deposit Guarantee, Euro am Sonntag Says

June 06, 2012

Michael Meister, the deputy floor leader of German Chancellor Angela Merkel’s Christian Democratic Union party, rejected proposals for a European fund for deposit guarantees, Euro am Sonntag said in a preview of a story that will be published tomorrow, citing an interview with Meister.

Such a fund would be a “hidden transfer union” at German taxpayers’ expense, Meister said, according to the newspaper.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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