William (aka Bill the Godfather)

William (aka Bill the Godfather)

Monday, August 20, 2012

Germany says no more bailouts for Greece

After a short, late-summer break, German officials are set to tighten the screws again on Greece, boosting the prospects that Athens would exit the eurozone and cause a painful shock to the global economy.

In the latest round of talks this week in Berlin, Greek Prime Minister Antonis Samaras is expected to lobby for a two-year extension of deeper spending cuts and tax increases when he meets with German Chancellor Angela Merkel, French President Francois Hollande and Belgian Prime Minister Jean-Claude Juncker, who heads the eurozone's finance ministers meetings.

German officials, though, made clear over the weekend that time has run out for the Greek government. Ruling out another Greek bailout, German Finance Minister Schaeuble said Sunday that Athens will just have to deal with the economic pain.
Read the rest here.

2 comments:

Ben said...

It sounds so much nicer when you phrase it as "economic pain". After all you can't just come out and say "they'll just have to deal with general lawlessness, rampant poverty, children dying, and our general disregard for human life. After all it's just money."

So incredulous. I hope they leave and I hope they rise from the ashes and I hope the Eurozone faces the same terrible "economic pain" that the people of Greece are facing right now.

The Anti-Gnostic said...

I hope the Eurozone faces the same terrible "economic pain" that the people of Greece are facing right now.

They will, and so will we.