Wednesday, February 10, 2010

BETTER OPEN THE BACKDOOR

BANZAI7 NEWS--Germany's government is not allowed to help Greece, as such aid would violate European Union law, German business daily Handelsblatt reported Wednesday, citing an internal report from the German parliament.

The legal report also rules out any form of financing of the Greek budget through the ECB or national central banks.

"Moreover, member states may not guarantee the debts of another member state," the report argued.

Better hire Goldman's backdoor unit to navigate this one.

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