Tuesday, June 19, 2012

Greeks Clash With Germany on Bailout Looms



 Greece appears headed for a new clash with Germany over its rigid bailout program as the winners of Sunday's Greek election prepare to ask Europe for more time to cut public spending, the WSJ reports..

Greece's conservative New Democracy party and its likely Socialist coalition partner, known as Pasok, are working on a proposal to ask other euro-zone countries for an extra two years to meet Greece's fiscal targets, officials involved in the preparations said. The request would mean that on top of the €173 billion ($218.7 billion) bailout plan agreed early this year, Greece would need an additional €16 billion in financing ...

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