Wednesday, September 14, 2011

German Leaders Debate Next Move, As Greece Inches Closer To Default

BERLIN — In Germany, patience is wearing thin. Greece has floundered and failed to produce any noticeable economic results after more than a year of bail-out payments from the European central bank. While the safety of euro zone economies is still considered essential to maintaining the strength of the German economy, the time for German fiscal aid to Athens may quickly be passing.

Instead of talking about how much more in bail-out funds Germany should allot to Greece, leaders in Berlin are talking more today about “Umschulden” – Restructuring... Read more at Forbes

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