Wednesday, May 9, 2012

Germany to Greece: Keep Reforms Or Fahgeddabout Dough!


From the Wall St Journal: German ministers hardened their stance towards Greece Wednesday, warning the country risks aid payments if spending reforms aren't adhered to following weekend elections in the Mediterranean country had no clear winner.

Alexis Tsipras, head of the runner-up Syriza coalition, is the second party leader tasked to form a new coalition. He has demanded the two main parties, in power when the reforms were agreed, should renounce their support and called for a renegotiation of the bailout terms under which Greece gets EUR130 billion from euro-zone partners and the International Monetary Fund…..

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