Germany at odds with European Union
Economy January 25th, 2010
BRUSSELS – Germany at odds with all countries in Europe before the EU summit scheduled for this weekend. The conflict arises because of the pressure to save Greece.
As reported by the AFP, Tuesday (23/3/2010), German Chancellor Angela Merkel said that no question of an urgent decision on the Council of Europe on aid to Greece during the meeting of European leaders for the summit held in Brussels on Thursday and Friday.
Merkel suggested that Greece could ask for debt loans from the International Monetary Fund (International Monetary Fund / IMF) in Washington, he also emphasized that if the necessary decisions in this meeting, could not go on like this. He added that if the European countries risk endangering the stability of the Euro zone and eat speculation.
Meanwhile, European finance ministers last week discussed plans to provide loans to Greece, if necessary, but did not announce any firm decisions. They said they would wait for the political support from top European Union leaders this week.
A senior banking officials warn that the United States Greek debt crisis could hit the U.S. economy. The same thing also conveyed the Head of the Federal Reserve of Atlanta, Dennis Lockhart, who also warned the crisis could Greece have knock-on effect on the U.S. economy.
