Wednesday, April 28, 2010
Germany Climbs off Its High Horse...
After angrily denouncing fellow Euro nations who exceed spending limits and monetary policy agreements, Germany is realizing that it has no better option than to help Spain as well as Greece.
- After meeting here with Mr. Strauss-Kahn, Chancellor Angela Merkel of Germany seemed to find a new sense of urgency in dealing with the crisis. “It’s completely clear that the negotiations by the Greek government with the European Commission and the I.M.F. must now be accelerated,” she said. “Germany will do its part to safeguard the euro as a whole.”