Angela Merkel, the German chancellor, signalled her government's readiness today to purchase stolen secret Swiss bank account data on 1,500 alleged tax evaders from an informant. The informant, who used to work at the Swiss arm of the British bank, HSBC, has offered to sell the data to the government for €2.5m ($3.4m) Experts say the information, which is contained on a CD, could reap up to €200m (£278m) in tax revenue.
Thomas Sutter, the spokesman for the Swiss Bankers Association, cautioned Germany over acquiring "stolen property". He said he did not believe that the German government "would want to be seen as the recipient of stolen goods".
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