Merkel has no majority for reported Greek aid, FDP’s Fricke says @ Forex Factory

Merkel has no majority for reported Greek aid, FDP’s Fricke says

From ekathimerini.com

Chancellor Angela Merkel would fail to secure the backing of her coalition for as much as 20 billion euros in extra aid for Greece, said Otto Fricke, her junior coalition partner’s budget spokesman. Fricke was speaking after Handelsblatt newspaper cited an agreement between the Greek government and its international creditors as saying that Greece will get a loan of 16-20 billion euros to supplement its second rescue package while gaining an extra two years to reach its deficit targets. Germany’s parliament would need to approve the loan. Fricke, a Free Democratic Party lawmaker, told reporters in ... (full story)

Posted: Oct 25, 2012 9:37am

Submitted by: FF News

Category: Fundamental Analysis
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3 Comments

Black Caviar, hkg_paul, Stimulus

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