Pages

April 27, 2010

Greek bailout hostage to German elections

Chancellor Angela Merkel has to act tough in the North Rhine-Westphalia state election or she could lose her coalition majority in German's upper house. So Athens has to come up with long-term, not one-year, budget cuts before she'll sign on to a bailout package.

No comments:

Post a Comment

Your comments are appreciated, as is at least a modicum of politeness.
Comments are moderated, so yours may not appear immediately.
Due to various forms of spamming, comments with professional websites, not your personal website or blog, may be rejected.