Merkel Ally Kauder Sees Spain Convincing Markets, Passauer Says

Spain is carrying out ambitious reforms that will convince investors concerned about the country’s finances, Volker Kauder, a senior lawmaker in German Chancellor Angela Merkel’s party, was quoted as saying by the Passauer Neue Presse.

Politicians should stay calm and shouldn’t let markets pressure them, Kauder, the Christian Democratic bloc’s floor leader in the German parliament, was quoted as saying by the Passau, Germany-based newspaper today.

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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