Chancellor Merkel in an interview with Deutschlandfunk radio due to be broadcast today

  • VW scandal has not hurt Germany's reputation as good place for business

"I believe the reputation of the German economy and the trust in the German economy has not been shaken by this to the extent that we are no longer considered a good business location"

Merkel putting a brave face on what must have really hurt the German people and indeed the economy

The head of the European parliament, German social democrat Martin Schulz today said that the emissions scandal at Volkswagen (VW) would hit the German economy hard but Europe's biggest carmaker was likely to survive the crisis

"It's hard to believe what was done there negligently and possibly even with criminal energy. But I believe that Volkswagen is a strong company that has every chance of surviving the crisis"

Time will tell because the jury is still well and truly out

Reuters has more here

Merkel - putting a brave face on VW crisis