Germany's parliament has approved a 22.4bn euro (£19bn) contribution to a bail-out plan for debt-ridden GreeceThe lower house, the Bundestag, passed the bill after fiery criticism of Chancellor Angela Merkel. The upper house also endorsed it
In return for leading the rescue attempt, Germany is demanding new rules and penalties for the 16 countries taking part in the single currency. The 16 could not keep muddling along turning a blind eye to the fudges and fiddling of fiscal miscreants, she argued. Instead, persistent breakers of the
The fact that a German regional election can play such a disproportionate role in messing up efforts to contain what was a much smaller crisis several months ago is astonishing,” Mr. Kirkegaard said. And the fact that there will be no European Union summit meeting until May 10, after the German el
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BBC News - German parliamentary vote backs Greece bail-out funding
Crisis in Greece leaves EU future in balance, warns Angela Merkel
Matthew Yglesias » Angela Merkel’s Failure of Leadership
