Angela Merkel has been accused of allowing the eurozone to collapse after the German Chancellor rejected Emmanuel Macron’s demands for further financial integration. Angela Merkel has set off a backlash among the EU27 after she was accused of letting the eurozone crumble under the coronavirus pandemic. The German Chancellor was one of the few EU leaders who declined pleas from hard-hit countries like Italy and Spain for so-called corona-bonds that would help soften the economic blow of the pandemic. Economist Marcel Fratzscher, President of research institute DIW, warned that such a bold move risked the collapse of the entire eurozone.
Speaking on CNBC, the economist warned Germany would have to agree to further integration if Mrs Merkel wanted to save the eurozone.
However, her rejection of so-called corona-bonds may signal enough is enough for the German Chancellor.
The CNBC host told Mr Fratzscher: “Germany has been impatient with other nations…
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