Deutsche Bank's Chief Economist Charles Mayer Tells Bloomberg that given the recent election results in Germany, where German Chancellor Angela Merkel's party was trounced, it will be difficult for Germany to approve another debt bailout. Mayer says it may come down to an IMF "bridge loan" for Portugal to make its bond payments.
A bridge loan from the IMF, of course, doesn't eliminate a contribution from Germany. It just makes the connection murkier and brings the U.S. into the bailout picture.
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