Wednesday 15 August 2012

Game up for Greece?

The news coming out of Germany is that Greece will not be granted any concessions regarding the timetable for budgetary cuts.  The article below reflects current German government thinking.

http://www.spiegel.de/international/europe/commentary-bankruptcy-is-the-only-thing-that-can-help-greece-a-850250.html

See also:

http://www.telegraph.co.uk/finance/financialcrisis/9477776/Debt-crisis-Greeces-Samaras-to-face-show-down-with-Angela-Merkel-in-Berlin.html

http://www.spiegel.de/international/germany/resistance-in-berlin-merkel-s-room-for-maneuver-with-greece-shrinks-a-850263.html

http://www.telegraph.co.uk/finance/financialcrisis/9478224/Debt-crisis-Germany-stands-firm-on-Greek-bail-out-demands.html

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