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Next step is for Merkel (r) to agree a position with SPD (Photo: Consilium)

Germany pours cold water on euro reforms

Germany is proving less keen than the European Commission had hoped to share its wealth with poorer EU states.

That reluctance is likely to push back deadlines for proposals on eurozone reform. It could even sink the commission's ideas on deeper monetary union, solidifying Europe's north-south economic divide.

One commission proposal was to create a European Deposit Insurance Scheme (EDIS) to protect up to €100,000 of savers' deposits in any eurozone bank.

European Counci...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Next step is for Merkel (r) to agree a position with SPD (Photo: Consilium)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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