Friday, March 5, 2010

MERKEL AND THE BLACK SWAN

BANZAI7 NEWS--Greek Prime Minister George Papandreou is due Friday in Berlin, where he is expected to attempt to seduce financial aid that Chancellor Angela Merkel currently is unwilling to provide.

The Greek government is looking for aid from its richer euro-zone neighbors now that it has laid out tough new austerity measures. But senior German and French officials Friday continued to promise only moral support.

"We should stand helpfully by Greece's side, and not encourage complications," Merkel said Friday at a business conference in Munich. She said that she and Papandreou will discuss "strengthened cooperation" between Germany and Greece. "It will be an interesting conversation, but a friendly one, too," Merkel said.

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