Germany facing confidence crisis says Buba's Stark

Germany faces a crisis of confidence and its public finances are out of control, leading German central banker Juergen Stark said on Thursday 24 November.

"There is no confidence in the future," Bundesbank Vice President Juergen Stark said in Tokyo just two days after Angela Merkel was sworn in as Germany's new chancellor.

"There is a fear of increasing unemployment, there is no confidence in the sustainability of public finances and no confidence in the ability of policymakers to solve the pro