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Showing posts with label German. Show all posts
Showing posts with label German. Show all posts

Monday, June 06, 2011

Rescuing Greece: Has the Bill Just Gone Up Again?

According to Der Spiegel, Greece’s new bailout is going to amount to over €100 billion, a rather higher number than the €80 billion or so that has usually been mentioned.

That’s unlikely to thrill German taxpayers. They are also unlikely to be amused by the photo (from May 30) of Greek protestors with which the article (in German, shockingly) is illustrated. And all this matters. As this piece in Reuters reminds us, the politics of getting the bailout through will be tricky: