Weidmann warns Merkel over weakening / Merkel’s public approval ratings soar

Report of comments made by Jens Weidmann, President of the Bundesbank in a speech on the 5 July 2012. He criticised the decisions of the European Council summit in Brussels, 28-29 June 2012 to help debt-laden eurozone members, warning that the EU was 'constantly mutualising risks and weakening the agreed rules'.

However, reports indicated that Chancellor Merkel had weathered the barrage of accusations that she had abandoned her tough stance on strict conditions for eurozone bailouts as her public approval rating in Germany soarred to a two-and-a-half year high in July 2012.

ESO: Background information: Spain wins restructuring of bank deal http://www.europeansources.info/record/spain-wins-restructuring-of-bank-deal/

ESO: Background information: Eurozone loans threat to German coalition http://www.europeansources.info/record/eurozone-loans-threat-to-german-coalition/

Website: Deutsche Bundesbank http://www.bundesbank.de/

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