Tuesday, September 13, 2011

Germany, Greece and the Euro

BBC News: Reports on comments by the German Chancellor Angela Merkel that Greece must be kept within the Euro. Folks it could be that Merkel has lost the plot, Greece is on its second bailout, other Euro Countries want Greek Collateral before Greece gets the next stage of the 2nd bailout. In Germany the ruling Coalition is taking a political pounding, it could be that Chancellor Merkel find that she gets pushed out and replaced if her support for Greece means that the Coalition will lose the next election. The game of politics if brutal folks, you cant ask the German taxpayer to bailout Greece forever.

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