Thursday, March 25, 2010

Merkel: “A good European is not necessarily one who rushes to assist”

German Chancellor Angela Merkel does not seem to be in any hurry to provide bailout funds to Greece (Unless, of course, they are American funds via the IMF).

“A good European is one who abides by the European treaties and national law and thus sees to it that the euro zone’s stability isn’t harmed. That’s our guidance for all decisions today and tomorrow, and also for the future,”  Merkel said at today’s EU summit in Brussels.

However, according to Bloomberg, she did push for American taxpayers  the IMF to be part of any potential rescue.

1 comment:

  1. Merkel is just pretending to please the german electorate. Germans dont want to pay the rescue of the PIGS and the goverment is telling them they wont, but they will. Germany is not going to allow the IMF near the UE. It would be a complete disaster for the EU credibility.

    Its all a theater for the german electorate. Germany will bail out the PIIGS.

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