Merkel Rejects Minimum Wage in Rebuff to SPD Election Challenger
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Chancellor Angela Merkel said Germany doesn’t need a federal minimum wage, rejecting a plank in her main challenger’s platform for Sept. 22 elections.
In an interview with the Chemnitzer Freie Presse newspaper, Merkel said she backs European Union efforts to limit compensation in the financial industry and to let shareholders decide on pay for corporate officers, saying “lack of moderation” doesn’t jibe with a “free and social” country.