Berlin will not support GM

Germany’s Chancellor Angela Merkel stressed that Berlin would not support General Motors in the restructuring of its European subsidiary Opel, saying he expects the U.S. to assume the main concern in this restructuring costs.
Opel’s restructuring will be effective only if General Motors takes the bulk of its own funding costs, „said Merkel in her first speech to MPs in the Bundestag after taking her second term as chancellor of Germany, police europe.bg.
It is also a „General Motors of Germany to repay the loan“ of 1.5 billion euros allocated to Opel to ensure its survival, Merkel insisted that expressed „deep regret“ the decision of the U.S. concern to maintain its European subsidiary.

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Finance