RSS Feed
February 25th, 2012 
FAKE NEWS for the Zionist agenda In an interview with news magazine Der Spiegel, Friedrich said he did not mean Greece should be “kicked out” of the 17-nation eurozone, but that incentives should be created for “an exit that they cannot turn down.”
“Outside the European monetary union, Greece’s chances of regenerating itself and becoming competitive are definitely bigger than if it remained inside the eurozone,” Friedrich added.
His remarks come ahead of a vote by German lawmakers on Monday for the approval of 130 billion euros (175 billion dollars) in European Union loans for Greece.
According to a plan drafted by eurozone finance ministers, Greece would receive 130 billion euros in direct loans by 2014 in return for tough new austerity measures and closer supervision of its economy by the European Union and the International Monetary Fund.
A private creditor bond writedown is worth another 107 billion euros.
Germany is the main contributor to eurozone bailouts. The latest plan for Greece would be financed through the European Financial Stability Facility and does not require venturing new funds.
German Chancellor Angela Merkel is opposed to Greece leaving the eurozone despite its debt mountain of 350 billion euros (462 billion dollars) and expects parliament to approve the latest rescue package.
In January, Merkel and French President Nicolas Sarkozy agreed to make efforts to keep Greece inside the eurozone as long as Athens agreed to impose strict budget cuts.
MRS/MF/HGL
Views: 0
Posted in 
Tags: 
