Small business owners abandon Merkel

Published on 28 June 2011

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Only 200 proprietors of small and medium enterprises (SMEs) signed the document, but they represent the heart of the German economy. “SMEs turn against Merkel,” announces Handelsblatt, publishing an open letter from small business owners who believe that the Chancellor, Angela Merkel, has embarked “on a harmful course with her policy of continually bailing out the euro.”

They call on MPs to put an end to “this irresponsible indebtedness policy,“ warn against a transfer union in Europe, and demand that European treaties be modified to allow states to leave the eurozone. In provoking the ire of the small businessmen that she likes to describe as “the pillars of our prosperity,” the daily says, Merkel is in the process of losing her most faithful supporters.

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