Both the European Union and Switzerland have drawn a line in the sand recently when it comes to excessive compensation packages. Now, Berlin too wants to cap salaries. For Chancellor Merkel, the move marks a U-turn, but with growing public discontent, she had little choice.
In an interview with the newspaper Freie Presse, published on Wednesday, Merkel likewise entered the fray. “Exorbitance cannot be allowed in a free and socially minded society,” she said, adding that she understands “when people shake their heads over salaries that tip the scale and want them to stop.”