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‘We are once again the schmucks of Europe!’ German media’s verdict as anger at Greek bailout swells

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Allan Hall
UK Daily Mail
May 12, 2010

German anger at the 750billion Euro Greek bailout is swelling as world markets slid after initial excitement at the bailout fizzled.

The headline on the front page of Germany’s biggest newspaper, Bild, summed up the national mood, declaring: ‘We are once again the schmucks of Europe!’

Meanwhile world stocks and the Euro dropped sharply today as the massive relief rally triggered by the plan to contain Europe’s debt crisis fizzled out.

In Europe, the FTSE 100 index of leading British shares was down 107.88 points, or 2 per cent, at 5,279.54 while Germany’s DAX fell 52.95 points, or 0.9 per cent, to 5,964.96.

The CAC-40 in France was 72.23 points, or 1.9 per cent, lower at 3,648.06.

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This article was posted: Wednesday, May 12, 2010 at 4:15 am





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