Germany Won't Let Greece Be the Next Lehman Bros
Wolfgang Schäuble, German Finance Minister | April 20, 2010
The collapse of Greece’s financial system would be as detrimental as that of a major bank. ++ Germany ultimately benefits from a stable euro-zone. ++ Germany has said that it supports assistance to Greece as a last resort. ++ The German government is now prepared to join the bailout effort as Greece has now made necessary concessions. ++ “Having an effective Europe, both politically and economically, is the best way to provide for the future of Germans.“ ++ Critics need to curb speculation on possible future bailouts to other EU members.
