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German president faces fierce criticism over private loan scandal | Germany | Deutsche Welle | 18.12.2011

President Christian Wulff faced increasingly ferocious criticism on Sunday after he admitted to having failed to disclose a private home loan he received while serving as the state premier of the northern German state of Lower Saxony.

Thomas Oppermann, the parliamentary head of the opposition center-left Social Democratic Party (SPD), told Germany's Bild am Sonntag newspaper that in order to "restore his credibility" Wulff must fully explain the 2008 loan he received from the wife of wealthy German businessman Egon Geerkens.

SPD Secretary General Andrea Nahles went so far as to indirectly call for the president to step down. In an interview with German public television she said Wulff must offer a quick and clear explanation. "If he can't do that, he must reconsider whether he can continue to set and example for Germany," she said.

The Free Democratic Party MP Erwin Lotter was more explicit in his demands. "The immediate resignation is a requirement of integrity and responsibility," he told German news agency dpa.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Sun Dec 18th, 2011 at 11:57:10 AM EST
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