Monday, 20 August 2012

Greece Austerity Plan Short by 2.5 Billion Euros as Crisis Intensifies

Greece Austerity Plan Short by 2.5 Billion Euros as Crisis Intensifies - SPIEGEL ONLINE: "Greek Shortfall Growing Ever Larger"
The news of the potentially greater financing needs comes at a sensitive time for the country. Many in Europe, particularly in Germany, are losing their patience and there has been increased talk of the country leaving the common currency zone. Over the weekend, German Finance Minister Wolfgang Schäuble reiterated his skepticism of additional aid to Greece. "We can't put together yet another program," he said on Saturday, adding that it was irresponsible to "throw money into a bottomless pit."
'via Blog this'
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