Mon, 04 Jun 2012 15:13:18 GMT
Tension builds around Merkel to support banks
Continuous tension builds up around Angela Merkel, as Mariano
Rajoy pushes to determine a proper remedy for the debt crisis and reinforce the
support for bank protection. On 2 June Rajoy emphasized the need to strengthen the
banking union and backed up the idea of establishing a centralized structure to
recapitalize investors. However, Merkel, also on 2 June, strengthened her
position against debt sharing and