While the EU/IMF/ECB continuing to work towards an agreement on Greece, my thoughts turn to the voting that will occur next week in Germany. As most know, the German voter is not happy with having to support Greek pensions that start 2 years before Germans can retire. This is why PM Merkel wanted to delay voting on a debt plan until after the May 9th North Rhine-Westphalia state elections. She also didn’t want to have voters confront the issue that Germany has not reduced their own spending as she promised. As a matter of fact, the German government in March … …READ MORE
Tag Archives: bailouts
Greece Fire Or Can PIIGS Fly?
Today at 11:00 AM ET, I’ll be appearing on CNBC’s the Call discussing the potential bailout of Greece by the European Union.
Before anyone can savor the possible bailout/backing of Greece debt by Germany, we get these series of comments:
GERMAN GOVT OFFICIAL SAYS GREECE MUST PURSUE SUSTAINED PATH TO CONSOLIDATION
GERMAN GOVT OFFICIAL SAYS THERE IS NO DECISION ON AID FOR GREECE, AND IT’S NOT PENDING EITHER
GERMAN GOVT OFFICIAL SAYS IT’S NOT GERMANY’S JOB TO TELL GREECE WHAT IT NEEDS TO DO
GERMAN GOVT OFFICIAL SAYS NO DECISION PENDING ON AID FOR GREECE
GERMAN GOVT OFFICIAL SAYS THE … …READ MORE
