German Chancellor Angela Merkel voiced opposition to increasing Europe's €750 billion crisis fund, stiffening the country's stance on helping troubled nations. Germany's position puts the crisis-fighting burden on the European Central bank. "The consequence is a stalemate that leaves us with a familiar sense of deja vu," said Ken Wattret, an economist at BNP Paribas. "Market tensions are likely to resurface, as governments remain very publicly divided on the appropriate way forward."
Published in Brief: