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Germany Will Help Europe Overcome Debt Crisis, President Says

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Dec. 24 (Bloomberg) -- Germany will help the rest of Europe stem the debt crisis because taking an anti-European stance is “wrong,” said President Christian Wulff, a party ally of Chancellor Angela Merkel.

“We Germans experienced European solidarity again and again and we will offer solidarity to Europe in the future as well,” Wulff said, according to an advance copy of a Christmas Day speech released by his office in Berlin today. Germany will find “a spirit of unity” with its European and global partners that points the way out of the crisis.

Wulff, a former deputy head of Merkel’s Christian Democratic Union party whose current post is mainly ceremonial, said Europe is “our common home,” whose values must be defended jointly. “Whoever says otherwise may earn applause for a short time, but they would be wrong,” he said in the speech for broadcast on national television tomorrow.

Merkel, whose governing coalition helped elect Wulff in 2010, is on a winter break after a year marked by state-election losses for her party as euro-area leaders struggled to stamp out the debt crisis and prevent a possible breakup of the joint currency.

Wulff apologized yesterday for failing to disclose a loan provided by a businessman’s wife in 2008 when he was state premier of Lower Saxony. It was his first public response to criticism by opposition parties and German media about an incident that may make him a liability for Merkel.

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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