Telegraph Live - Greece: Reports in its 11.49am post that Germany is standing firm on the previous agreed plan with Greece when it comes to the bailouts. Thus no extension of the austerity plan.
Lets Get Real:
Thus folks Chancellor Merkel faces her own elections quite soon, the German taxpayer as compared to the Greeks actually pay taxes, they are not best pleased that they are seeing their money going down the drain of the Greek State. This blog would not be that shocked to see Germany cut Greece off, it seems from reports from Greece that none of the agreed State assets have been sold, or even plans. The welfare and public sector is to powerful in Greece, there is resistance to such drastic moves. The Berlin might decide that enough is enough, that Italy and Spain have to be protected first, Spain looks like asking for Sovereign bailout in the near future, how far will be Italy behind them, thus folks Greece the birthplace of Democracy will have to thrown to the wolves, and it will be by the Germans, that is not new for the Germans.
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