"Defending her government's decision to participate in the EU/IMF loan package to Greece on Wednesday, German Chancellor Angela Merkel welcomed the banks' willingness to assist the debt-ridden country, but warned that they should not expect to profit from their participation."
http://www.dw-world.de/dw/article/0,,5539814,00.html
What is she saying? If the banks keep the lines of credit open and charge interest, and the govt. guarantees the loan, why won't the banks make a profit? She is not making any sense.
http://www.dw-world.de/dw/article/0,,5539814,00.html
What is she saying? If the banks keep the lines of credit open and charge interest, and the govt. guarantees the loan, why won't the banks make a profit? She is not making any sense.