QuoteGermany's centre-left Social Democrats kicked off their election campaign with what was described as a declaration of war on the banks, sparking fears in the sector that it could force the conservatives to follow suit.
http://www.thelocal.de/national/20120925-45185.html
:lulz:
More likely this is about shaving votes off from Die Linke than forcing Merkel to do anything.
And just who will be controlling this vast sum of money? I can't help but notice it will be a European fund, suggesting EU control. I wonder exactly what conditions will come with the use of those funds, and whether it'll end up being states who have to do the begging, instead of banks.
Germany's never-ending quest to control every aspect of EU financial policy is ample cause for suspicion of any new policy out of Berlin, especially when it is so attractively packaged.