EUROZONE THREAT: 'Toxic' Deutsche is huge problem for EU and Merkel, warns ex-minister
Ahead of next year's election, the German Chancellor must react to the woes of Deutsch carefully or risk the wrath of her electorate, according to Karl-Theodor Zu Guttenberg, former German politician and founder of New York-based Spitzberg Partners.
It comes after Mrs Merkel ruled out the possibility of the Italian government rescuing its banks.
Mr Guttenberg told CNBC: "It is a quite toxic combination for Angela Merkel, she has to be careful in the direction to move. If she offers a bailout too early, it could backfire from the German public.
"If she doesn't, she could sacrifice... read more
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