Angela Merkel, the German chancellor, said Berlin was prepared to recapitalise its banking sector and was willing to discuss a European Union-wide plan to shore up the regionâs teetering financial sector as soon as the next regional summit in two weeks. Speaking in Brussels on Wednesday after a meeting with José Manuel Barroso, the European Commission president, Ms Merkel declined to support a specific plan to aid banks, saying that should be left to technical experts. But she urged leaders to co-ordinate their efforts. http://www.ft.com/intl/cms/s/0/557e20d6-ef5e-11e0-bc88-00144feab49a.html#axzz1ZqSUoI8R
more ft unfounded bullshit - cleary their level of reporting has hit a new low as every previous story has been completely false. FT = FULL OF TWATS
The German malaise will be over when Merkel declares they will nationalize Commerzbank, let the shareholders and taxpayers bear the losses and convert it into one of the many heavily subsidized state-run banks in Germany.