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Balls takes aim at Germany

Balls takes aim at Germany

Ed Balls has strongly criticised Germany over its handling of the euro crisis, saying it is not "pulling its weight".

Speaking to the Andrew Marr Show this morning the Shadow Chancellor also warned of a "very dangerous" situation in the eurozone with the possibility of a Greek default increasing instability in Spain and Italy.

Mr Balls said: "Germany and the European Central Bank are not able to face up to the common obligations you need in a single currency - that could lead to a crisis in the eurozone which would be very dangerous indeed."

Eurozone leaders are considering demanding that Greece postpones its elections – currently due for April – as one of the conditions of a €130bn bailout. Ministers will meet in Brussels tomorrow to finalise the details of the bailout, and the condition is believed to be supported by Germany, Holland, Finland, and Italy.

Green Box: Balls takes aim at GermanyClick to open

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