August 23, 2011 / 10:46 AM / 8 years ago

German government disagrees with minister on collateral: source

BERLIN (Reuters) - The comments made by Germany’s labor minister about future euro zone bailout payments needing to be covered by collateral do not reflect the government’s position, a government source said on Tuesday.

Labor Minister Ursula von der Leyen — who is also a deputy president of Chancellor Angela Merkel’s Christian Democrats (CDU) — said that future euro zone bailout payments should be covered by collateral such as gold reserves or stakes in state industry.

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