Germany and Merkel are ‘striving for hegemony’ – Luxembourg Foreign Minister
In Europe everybody is striving for the same thing : not to be responsible to anybody and to grab as much as they can. They just don't understand that it is not possible that everybody stays positive
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The Cyprus bailout deal, and the power wielded by Germany and the IMF in its orchestration, has scared small EU economies with big banking sectors, fearing they could be next.
Germany and the EU’s heavy hand in the Cyprus bailout negotiations have drawn harsh criticism from its smaller EU neighbors. Breaking solidarity, Luxembourg - a founding member of the EU and euro zone - has accused Germany’s actions as ‘un-European’.
"[Germany and Merkel are] striving for hegemony which is wrong and un-European," Foreign Minister Jean Asselborn told Reuters.
"Germany does not have the right to decide on the business model for other countries in the EU," Asselborn said. "It must not be the case that under the cover of financially technical issues other countries are choked."
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