Merkel Turns Against Greece, Again

24/7 Wall St.

Angela Merkel continues to dig in her heels as Greece insist it may reject the austerity measure which have allowed it to get loan support from its eurozone neighbors and the IMF. A portion of the money meant to prop up it prospects is being held back by the EU while the size of the crisis is measured.

Merkel said that the “growth of credit” in the regions would undermine plans to solve the financial problems of some nations. Put another way, these countries will have to live with austerity or face the prospects that there will be no aid to help them move deficits down and begin to control national debt

If there is no coalition set in Greece,voters will go to the polls again in a month. By the point, financial aid may already been withdrawn

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