MMC
06-24-2012, 10:26 AM
http://l3.yimg.com/bt/api/res/1.2/1ilz4GUUynd44a0_8oQDMA--/YXBwaWQ9eW5ld3M7Y2g9Mjg0O2NyPTE7Y3c9NDUwO2R4PTA7ZH k9MDtmaT11bGNyb3A7aD0xMjA7cT04NTt3PTE5MA--/http://media.zenfs.com/en_us/News/Reuters/2012-06-24T120904Z_1_CBRE85N0XRD00_RTROPTP_2_CNEWS-US-EUROZONE-GERMANY-SCHAEUBLE.JPG
BERLIN (Reuters) - Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said on Sunday.
"The most important task facing new prime minister (Antonis) Samaras is to enact the program agreed upon quickly and without further delay instead of asking how much more others can do for Greece," said Schaeuble, a close ally of Chancellor Angela Merkel and Europe's most powerful finance minister.
Greece's new three-party coalition government said on Thursday it would renegotiate the terms of the 130-billion-euro bailout deal that is helping the country avoid bankruptcy.
The coalition's platform particularly challenges euro zone paymaster Germany, which has offered to adjust the lifeline's terms to make up for time lost as a result of two Greek elections since May, but refuses to revise it radically.
Greece wants a two-year extension to the 2014 deadline for it to cut its budget deficit to 2.1 percent of national economic output, from 9.3 percent in 2011. The extension would require an extra 16 to 20 billion euros in foreign funding.
The poll of 4,000 people in Germany, France, Spain and Italy showed 78 percent of Germans and 65 percent of French people wanted Greece to leave the euro zone, with 51 percent in Spain and 49 percent in Italy also backing a Greek exit.
The new government must now work to fix its public finances while negotiating with euro zone leaders who are losing patience with Athens after two multi-billion-euro bailouts since 2010 that have failed to stem the crisis.....snip~
http://news.yahoo.com/stop-asking-more-help-germany-tells-greece-120904267.html
Reuters – 3 hrs ago<<<<<More Here, way more!
Seems some were not looking for Greece to pay back their debt and leave the EZ. Wonder how that makes Team Obama feel after he got done endorsing the EU for not letting Greece leave the Blastzone. Now Germany has had enough. They will not budge anymore.
BERLIN (Reuters) - Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said on Sunday.
"The most important task facing new prime minister (Antonis) Samaras is to enact the program agreed upon quickly and without further delay instead of asking how much more others can do for Greece," said Schaeuble, a close ally of Chancellor Angela Merkel and Europe's most powerful finance minister.
Greece's new three-party coalition government said on Thursday it would renegotiate the terms of the 130-billion-euro bailout deal that is helping the country avoid bankruptcy.
The coalition's platform particularly challenges euro zone paymaster Germany, which has offered to adjust the lifeline's terms to make up for time lost as a result of two Greek elections since May, but refuses to revise it radically.
Greece wants a two-year extension to the 2014 deadline for it to cut its budget deficit to 2.1 percent of national economic output, from 9.3 percent in 2011. The extension would require an extra 16 to 20 billion euros in foreign funding.
The poll of 4,000 people in Germany, France, Spain and Italy showed 78 percent of Germans and 65 percent of French people wanted Greece to leave the euro zone, with 51 percent in Spain and 49 percent in Italy also backing a Greek exit.
The new government must now work to fix its public finances while negotiating with euro zone leaders who are losing patience with Athens after two multi-billion-euro bailouts since 2010 that have failed to stem the crisis.....snip~
http://news.yahoo.com/stop-asking-more-help-germany-tells-greece-120904267.html
Reuters – 3 hrs ago<<<<<More Here, way more!
Seems some were not looking for Greece to pay back their debt and leave the EZ. Wonder how that makes Team Obama feel after he got done endorsing the EU for not letting Greece leave the Blastzone. Now Germany has had enough. They will not budge anymore.