Germany Might Back Joint EU-IMF Bailout for Greece

http://online.wsj.com/article/SB10001424052748704207504575129022672073334.html?mod=WSJ_hps_MIDDLEForthNews

BY MARCUS WALKER, CAROLYN HENSON AND COSTAS PARIS

The German government signalled it might support joint a European-International Monetary Fund bailout of Greece, should the country need assistance.

Chancellor Angela Merkel is "open to a financial participation by the IMF" in any assistance for Greece, said a senior German official. The official stressed that Greece hasn't asked for a rescue. Germany wants Greece to solve its fiscal crisis alone through austerity measures.

The comments come as Greek Prime Minister George Papandreou said his country might turn to the IMF for aid if European leaders don't offer Greece more explicit guarantees of help at their summit next week.

Chancellor ...

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• That says much about Germany's willingness to lead -dividend_growth- ♀ (86 bytes) () 03/18/2010 postreply 10:00:57

• US also has to bail out weak States later -thousanddollarbill- ♂ (25 bytes) () 03/18/2010 postreply 10:23:48

• You don't understand the differences: -dividend_growth- ♀ (955 bytes) () 03/18/2010 postreply 10:43:59

• Let me phrase a little differently: -dividend_growth- ♀ (0 bytes) () 03/18/2010 postreply 10:54:09

• Euro has the same effect for its member countries -dividend_growth- ♀ (75 bytes) () 03/18/2010 postreply 10:55:32