Germany's savers feel resentment and guilt over pressure to end euro crisis

Germany's savers feel resentment and guilt over pressure to end euro crisis

16 September 2012

German taxpayers stump up a "solidarity surcharge" of 5.5% of income tax to fund the hefty costs of unification in an arrangement due to last until 2019. "East Germany might well need another trillion," said Katinka Barysch, a German economist at the CER.

..."What won't happen is large-scale fiscal transfers without very strong central control," said Barysch. ..."What won't happen is large-scale fiscal transfers without very strong central control," said Barysch

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Katinka Barysch

Link to press quote:
http://www.guardian.co.uk/world/2012/sep/16/germany-resentment-guilt-savers-euro-crisis?newsfeed=true