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
From The Guardian

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