My Big Fat Greek Bailout II

Certainly not back by populist demand, the German government now seems prepared to stop the bitching and moaning long enough to support funding for the sequel to the first Greek Bailout box office flop and enable the EU to wrap up a second package of aid loans to help a struggling Greece or, to be more exact, the German banks that are now terribly exposed to a possible default there.

“Germany is considering dropping its push for an early rescheduling of Greek bonds in order to facilitate a new package of aid loans for Greece, according to people familiar with the matter. Berlin’s concession that it must lend Greece more money, even without burden-sharing by bondholders in the short term, would help Europe overcome its impasse over Greece’s funding needs before the indebted country runs out of cash in mid-July.”

But if you want any popcorn, you’re going to have to bring it yourself.

Größter Garant der griechischen Zahlungsfähigkeit nach dem IWF mit 30 Mrd. ist Deutschland mit 22,4 Mrd.

One response

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: