Germany Opposes Extending Greek Repayment Schedule

The proposal from the IMF to extend the support to Greece to deal with his financial problems was refused by Germany. This could only happen if the European countries decide to do so, because it where the European countries who provided the biggest part of the packages.  According to the Germans, Greece is doing absolutely what it needs to do to handle his problems and will be able to complete the requirements of the rescue packaging in the initial terms of time. The measures Greece has been taken consist of cutting wages and pensions and raising taxes.

http://www.businessweek.com/news/2010-10-11/germany-opposes-extending-greek-repayment-schedule.html

Anouck De Schrijver