Tuesday, August 28, 2012

Germany held a debt sale on Monday

German Chancellor Angela Merkel, who continues to strongly advocate for a Eurozone with Greece remaining as a member, warned to coalition peers over the weekend to “weigh their words” with regards to a possible depart from Greece.

Merkel was quoted on an ARD television as saying that any remarks on Grexit were damaging, as the crisis reaches a “decisive phase.” The comments follow the plea by a leader of her Bavarian Christian Social Union governing partner, who called for Greece to detach itself from the Euro area.

Alexander Dobrindt, the CSU’s general secretary, told today’s Bild newspaper, that Greece is expected not to be a part of the 17-nation euro area next year. ... link to FULL ARTICLE

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