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German minister calls for complete makeover of eurozone.
Text of report by German news magazine Focus website on 5 August
[Unattributed report: "Guido Westerwelle (FDP): Bank License for the ESM 'Not Compatible' with the Constitution"]
Federal Foreign Minister Guido Westerwelle (FDP [Free Democratic Party]) categorically rejects an expansion of the ESM rescue fund and a greater purchase of European government bonds. "I cannot imagine there being a majority in the Bundestag for a policy of unlimited joint and several liability of Germany. At any rate, as a Parliament member I could not approve that," Westerwelle said in an interview with the newsmagazine Focus. He said the Bundestag must see itself as the "guardian of …
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- Please note that information on German Foreign Minister Guido Westerwelle's.
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