Chancellor Angela Merkel has said she and her cabinet aim to push through this Tuesday Germany’s share of the package to stabilise the euro despite suffering a crushing state election defeat on Sunday.
She said in Berlin: “This package is meant to strengthen and protect our common currency. It is unprecedented in the history of the euro and the European Union, and we are protecting our currency during extraordinary circumstances. To our citizens, let me put it this way: we are protecting the money of the German people.”
This statement came just hours after her alliance of conservatives and pro-business Free Democrats lost a state election in North Rhine-Westphalia, Germany’s most populous state.
The chancellor has come under fire across the political spectrum for taking longer than others would have preferred to approve aid to bail out Greece, a rescue which was unpopular in Germany and resonated strongly in the final phase of the North Rhine-Westphalia election campaign.
Merkel’s electoral loss means she will have to rely on cooperation from opposition parties to pass her policy agenda.