Former German finance minister Peer Steinbrueck, a
top figure in the opposition Social Democrats party, said Friday that
the split that emerged in Brussels between most European Union
members and Britain over euro rescue measures would likely create a
The choice to go ahead with a fiscal union treaty without Britain was "absolutely right," Steinbrueck said, in an interview with public broadcaster Deutschlandradio Kultur.
"I believe it will end up being a two-speed European Union."
"There'll be a group of 'A' states which will advance on financial market regulation, there'll be another group that advances for example on budget and economic policy coordination, and perhaps a third group that closely consults and coordinates on foreign policy and defence," he said.
Steinbrueck, however, also accused Chancellor Angela Merkel of muddling as the crisis developed.
Merkel "always makes too few decisions, too late and vaguely," he charged, saying it had taken her a year and a half to decide in favor of automatic penalties for governments running big deficits.
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