The German Chancellor Angela Merkel yesterday reiterated her firm view that “substantial” aid from private creditors is necessary to resolve Greek debt concerns.
Greece is facing imminent default on its state loans owed and the question is whether or not to release the next instalment of circa 12 billion Euro which they need to pay their outstanding bills next month.
The [...] Continue Reading…
Berlin 05-02-2010
The 2nd Merkel coalition government has been grappling with the banking crisis, domestic tax issues and the factious and unpopular military mission in Afghanistan for about the last 3 months and have very little positive results to show for it.
While some expectations may have been high when this governing coalition came to power 100 days ago – in fact it has [...] Continue Reading…
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