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German Family-Owned Firms Doubt Euro, Merkel, Handelsblatt Says

Germany’s Foundation for Family Business said a growing number of entrepreneurs doubt that the euro will endure as a currency, Handelsblatt reported, citing Brun-Hagen Hennerkes, the foundation’s executive board chairman.

Support for German Chancellor Angela Merkel’s goal of fiscal discipline is diminishing among the leaders of European countries, the Dusseldorf-based newspaper cited Hennerkes, who represents about 350 family-owned companies, as saying in an interview.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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