German Economy Depends on ‘Stable’ Euro, BGA Exporter Group Says

Germany’s export-driven economy depends on a stable euro and governments are failing to tackle the shared currency’s fundamental problems, said Anton Boerner, head of Germany’s BDA exporters association.

All euro-area governments, including Chancellor Angela Merkel’s, must make debt reduction the priority, Boerner said today in an e-mailed statement. Breaking up the euro area would only create new problems, he said.

“The euro’s core problems haven’t been solved so far,” he said. “Governments have only bought time. A stable euro is one of the foundations for the German economy’s success.” The BGA backs Merkel’s push to give the euro “long-term stability.”

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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