...or else
The scale of public resistance throughout Europe to a potential Greek bail-out has become clear as it emerged that the majority of Germans think the Mediterranean nation should be thrown out of the euro if its problems deepen.
A poll for popular newspaper Bild am Sonntag found that 53pc of Germans wanted Greece to be expelled from the euro if necessary in the coming months. Two-thirds were adamantly against German money being put towards a bail-out of the troubled country, the paper also found.
The findings underline the dilemma faced by eurozone ministers, who last week pledged to support the country if necessary, but stopped short of unveiling an explicit bail-out. The euro fell to nine-month lows on Friday, and many expect further falls this week, as investors expressed disappointment that ministers had failed to set out a detailed plan of action to prevent the country from defaulting.
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Wednesday, February 17, 2010
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