German MPs urged to back Greek loan

Wolfgang Schäuble, Germany’s Finance Minister, issued on the 26 April 2010 an urgent appeal to his country’s parliamentarians in Berlin to back a eurozone loan to Greece as an essential move to defend the stability of the euro.

While insisting that such a loan would get the green light only if Athens reaches a deal this week with the International Monetary Fund, the European Central Bank and the European Commission, he said the consequences of failure to reach agreement were impossible to predict.

German Chancellor Angela Merkel stressed the need for a stable European currency, urging debt-ridden Greece to implement tougher measures to get its finances in order.

ESO: Background information: Greek aid depends on budget cut plans http://www.europeansources.info/record/greek-aid-depends-on-budget-cut-plans-backlash-grows-over-greek-rescue-plan/

ESO: Background information: Greece grasps for €30bn rescue package http://www.europeansources.info/record/greece-grasps-for-e30bn-rescue-package/

Spiegel Online International, 26.4.10: 'Nothing Justifies Kicking Greece out of the Euro Zone' http://www.spiegel.de/international/europe/0,1518,691255,00.html

Spiegel Online International, 26.4.10: Will the Greek Bailout Destroy the Euro Zone? http://www.spiegel.de/international/europe/0,1518,691168,00.html

Spiegel Online International: Greece http://www.spiegel.de/international/topic/greece/

Deutsche Welle, 26.4.10: Merkel tightens the thumb screws on Greece http://www.dw-world.de/dw/article/0,,5508375,00.html

BBC News, 26.4.10: Greece debt: Merkel pledges support from Germany http://news.bbc.co.uk/1/hi/business/8644683.stm

Frankfurter Rundschau, 27.4.10: And if Germany quit the euro? (via PressEurop) http://www.presseurop.eu/en/content/article/239871-and-if-germany-quit-euro

Spiegel Online International, 27.4.10: How Germany Made the Greek Crisis Worse http://www.spiegel.de/international/europe/0,1518,691650,00.html

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