Germany cannot be "Leader of the World"
By Katy Barnato - CNBC NewsGermany must accept shared leadership of the European Union if the region is to prosper, ex-European Commission President Romano Prodi, told CNBC on Friday.
The European Central Bank’s announcement on Thursday that it will commence unlimited purchases of short-term sovereign bonds from struggling euro zone countries was greeted with hostility from both the Bundesbank (Germany’s central bank) and the German press.
(Read More: German Media Hit Back at ECB on Bond Buying)
However
Romano Prodi, ex-leader of the European Commission and twice-prime
minister of Italy, said it was in Germany’s interest to accept it could
not be the sole decision-maker in the euro zone as “Germany alone cannot
be leader of the world.”
