AMEX Market

German Finance Minister, Wolfgang Schäuble, today reaffirmed its conviction that Spain will overcome the crisis without resorting to the European bailout fund and the government of Mariano Rajoy has introduced the necessary measures to achieve this.

“Spain will go forward without help from the European rescue fund in their fight against the debt crisis,” the minister told the weekly “Focus”, according to reports advanced by the editors of that magazine, on sale on Monday .

Schäuble, who this week and expressed confidence in the Government’s actions Rajoy after meeting in Santiago de Compostela with his economy minister, Luis de Guindos, the weekly insists that Spain has taken “appropriate measures”.

“The Spanish say they’ll do it alone and I believe them,” continues to insist that Spain “is taking the right steps and progressively implemented.”

The Berlin government confirmed this week as his “respect” and “trust” to his partner in the eurozone, following confirmation that went into recession in the first quarter and be of note lowered by Standart & Poors rating agency.

At the domestic German in Germany Schäuble argues that wage agreements are negotiated with increases above the average in other eurozone countries.

“It is right that our salaries to be higher than in other countries. Germany made and can assume the duties now better than other States these agreements,” he says, in relation to the country implemented a few years ago now drive settings other partners EU.

“However, we must take care not to overdo the note. We must maintain the correct proportion,” qualifies the minister, referring to the ongoing negotiations in the areas of metal and chemical industries, where unions demand increases on the 6%.

The French Socialists today launched a friendly message of cooperation to the government of Angela Merkel and said that if Françopis Hollande win tomorrow’s presidential election, will persist “constructive cooperation” in the Berlin-Paris.

“We do not aim to provoke a crisis. If a relay in power (in Paris), the friendship between France and Germany will remain a structural element of our policy,” said Hollande campaign manager, Pierre Moscovici, the conservative daily “Frankfurter Allgemeine Zeitung”.

Moscovici, a close adviser of the applicant and to prepare, if you win Hollande, who would be his first visit to Berlin predictable, removes iron to Merkel expressed sympathy for the current president, Nicolas Sarkozy.

“We know that Angela Merkel prefers a victory for Nicolas Sarkozy. But if he wins François Hollande, we show that the Franco-German friendship conquers everything,” said Moscovici.

The conservative daily said that the Foreign Ministry is working steadily to that in case of socialist victory, stay current “mechanisms” of collaboration in the Berlin-Paris axis.

In recent days, and over the dissonance between Hollande and Merkel about the line of austerity from the Government of the Chancellor has insisted that, if socialist victory, will continue the good cooperation and stressed that Here, as Sarkozy, Europeans are two politicians.

The head of the German Social Democratic opposition, Frank-Walter Steinmeier, says today, told the regional media group WAZ, which won Hollande, France will “make common policy with Germany” and to “solve problems in a pragmatic way” .

Speaking to the “Neuer Osnabrücker Zeitung”, the head of the conservative group in the German parliament, Volker Kauder, says no change in the fiscal pact agreed by 25 of the 27 EU members, beyond the intentions expressed by Hollande campaigning to renegotiate.

The fiscal discipline pact “must not be weakened,” as this would result in a “spiral of debt in Europe,” continued the head of the CDU parliamentary group of Merkel and her twin Social Union of Bavaria (CSU).

“Our partners also see it that way,” says political conservative, which affects the position of Merkel, according to which the covenant can not be modified because it is already in parliamentary procedure in most signatory countries.