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Tuesday, August 21, 2012

German Official: "Small concessions are feasible" for Greece

by Calculated Risk on 8/21/2012 08:22:00 AM

From Bloomberg: Germany’s Barthle Says ‘Small Concessions’ Possible for Greece

“Small concessions are feasible provided they are strictly made within the framework of the second aid program,” [Norbert Barthle, the CDU budget spokesman in parliament] said. “For instance, the interest and maturity on loans could be adjusted, as in the case of the first aid package” for Greece. “What’s utterly important is the will of the Greeks to fulfil the terms of financial help. The ball is in the Greeks’ court.”
On Friday, Greek Prime Minister Samaras and German Chancellor Merkel will meet in Berlin with a press conference to follow. Europe is about to take center stage once again ...