Wednesday, November 2, 2011

Sarkozy and Merkel Give Papandreou an Ultimatum

German Chancellor Angela Merkel and French President Nicolas Sarkozt told Greek Prime Minister Papandreou, today, that Greece should make up its mind by mid-December as to whether it wants to stay in the euro zone.

Sarkozy said Papandreou's announcement of a referendum "took the whole of Europe by surprise" and his prime minister, Francois Fillon, told parliament: "Europe cannot be kept waiting for weeks for the outcome of the referendum.

"The Greeks must say quickly and without ambiguity whether they choose to keep their place in the euro zone or not."

According to Reuters, Germany's finance ministry hinted that European partners and the International Monetary Fund may withhold the next 8 billion euro aid instalment to Athens, due this month, until after the referendum.

"The tranche has not yet been paid. That is the situation today. How things proceed is yet to be seen. But according to everything we hear from Greece, there is no urgent need for the payout until mid-December, more or less," finance ministry spokesman Martin Kotthaus said.


  1. The Germans are bluffing, that money is going to be sent, the only question is does it go via Athens or just moved around Frankfurt with some going to Paris .

  2. How will the banks be paid? Papa must just be laughing at these German and French goofs. The money is to bail out the banks at the expense of the tax livestock. As always, it is a wealth transfer from the tax slaves to the banksters.

  3. Don't they mean the next "aid installment" to Frankfurt, Zurich, and New York City?