Lock and Win

Ohoven: SMEs must eat to the today’s Cabinet decision on the euro bailout Merkel’s soup Berlin explains the President of the Association of SMEs (BVMW), Mario Ohoven: the euro bailout package from the Federal Government will have dramatic consequences for the German middle class. The financing conditions for small and medium-sized enterprises will deteriorate further, at the same time, businesses and citizens must bear the additional debt burden. Ultimately the middle class must eat the soup, which has got him into the Federal Government. The responsibility for this is to blame for a significant portion of the Federal Chancellor. She ignored all of Greece disaster warning for political reasons. So, Mrs Merkel described Greek Prime Minister Kostas Karamanlis as a personal friend and praised the high level of convergence in the cooperation at European level. Although the threat extent of the Greek budget deficit by a paper by Commissioner Joaquin Almunia on the Ecofin meeting beginning July 2009 known was, probably kept the Chancellor to to ruining Karamanlis not the general election in October 2009.

After the election defeat of Karamanlis was done so when you hear for the first time by the budget deficit of Greece. The Federal Government has aggravated the crisis by their hesitant response to the apparent mismanagement in Greece. Threatening with the aid package approved by the Cabinet for the euro, to repeat this error. The promised billion aid from Germany invites other weak eurozone countries to let go any budgetary discipline. Against this background, the Bundestag should refuse his consent the bailout in this form. Press contact: Mr. Eberhard Vogt Federal Association of SMEs (BVMW) 10117 Berlin E-mail: phone: 030 / 53 32 06 20