Tuesday, September 13, 2011

Greece battles to beat bankruptcy

From: Euronews | Sep 11, 2011

As the Greek government struggles to get its finances under control rumours persist that the country is on the brink of bankruptcy.

From Der Spiegel:

Growing Calls in Germany for Greek Exit
While most of the peripheral countries are on the road to improvement, Greece threatens to slide into bankruptcy. Germany's coalition government of Chancellor Merkel's conservatives and the pro-business Free Democratic Party (FDP) has little sympathy for Athens' plight, because a Greek bankruptcy would also help to rectify some domestic political disagreements. Berlin's tough stance is primarily intended to make it easier for those CDU and FDP parliamentarians who see Greece as a bottomless pit to support the government's line in a key vote in the German parliament, the Bundestag, on reforming the EFSF on Sept. 29.
Senior CDU politician Peter Altmaier has already started referring to the near-bankrupt country as if it were separate from the rest of the euro zone. "Greece is an absolutely special case," says Altmaier. "No other country is in such a mess.".....read on

No comments:

Post a Comment