Sunday, February 8, 2009

German economy minister will leave government

by: Brian Meents
from: BusinessWeek

Germany's economy minister said Sunday he will leave the government. The decision came after a chaotic weekend that did little for the image of Merkel's (Chancellor) conservative bloc, and the CSU in particular, before national elections in September. Glos has been involved in the government's efforts to steer Europe's biggest economy through the global crisis; notably a 50 billion euro ($64 billion) stimulus plan currently on its way through the parliament. The minister, Michael Glos (age 64) said that the reason he was leaving was due to his age and his lack of desire to stay in the Cabinet after the election.

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