Sunday, March 21, 2010

Merkel Says Aid to Greece Must Address Budget Woes at ‘Roots’

http://www.bloomberg.com/apps/news?pid=20601087&sid=any5Zo8a8hEs&pos=2

Merkel’s government said March 19 it wouldn’t rule out a loan to Greece from the IMF. Schaeuble’s spokesman expressed “great reservation” about aid from the Washington-based lender.

Merkel is open to different options on Greece, according to the Deutschlandfunk interview reported by DPA. The Greek government isn’t yet in need of financial assistance, German government spokesman Ulrich Wilhelm told reporters in Berlin.

“We assume that Greece is in a position to solve its problems itself with its consolidation program,” Wilhelm said.

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