Germany reluctant to bail out the PIIGS

The troubled economies of the eurozone are looking to Germany and France to help them out of their predicament.

13th February, 2010

The troubled economies of the eurozone are looking to Germany and France to help them out of their predicament.

However, with only a political deal to support the troubled Greek economy being reached last Thursday in Brussels, and no money on the table, it is clear that Germany has substantial reservations about bailing out the Greeks.

It is also clear that not resolving the problems in Greece threatens the future of the euro - so...

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