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Germany’s Schaeuble Says Markets ‘Testing Euro,’ Bild Reports

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Dec. 5 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble said financial markets are “testing if the construction of the euro will hold,” according to a preview of comments he made for tomorrow’s edition of Bild newspaper.

Separating the euro zone into north and south would be immensely more expensive than the current aid packages because the economy would suffer and many jobs would be endangered, the newspaper cites Schaeuble as saying.

Germans would be worse off without the euro, and other nations should more closely follow Germany’s fiscal and economic policy to achieve growth and social stability, Schaeuble said, according to the newspaper.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net.

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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