February 28, 2012
German Chancellor Angela Merkel is urging her lawmakers to support the new rescue package for Greece. This despite worries that Athens will need even more cash in the future, and suggestions from Germany’s Interior Minister that it’s time Greece left the Eurozone altogether.
The 130-billion euro bailout was agreed in principle last week after months of tense discussions among the Eurozone leaders. Germany, as Europe’s richest economy, has to contribute the majority towards it. But there is a sense of unease in Berlin that it will have to keep coughing up cash to prevent a Greek debt default.
It’s the second bailout in a little over 18 months would ensure Athens can pay its debtors for the time being. To discuss the possible outcome of this package,RT’s joined by political analyst William Engdahl.
This article was posted: Tuesday, February 28, 2012 at 4:14 am