Berlin looks to build Greek `firewall' Financial markets surged on Tuesday on hopes of a European rescue plan for Greece, as officials in Berlin admitted it was looking at how to construct a "firewall" to prevent the debt crisis spiralling out of control. A German government official said that the steep decline in the euro and pressure on bond prices had forced Berlin to "take a significant step" in how to deal with the crisis.
Financial markets surged on Tuesday on hopes of a European rescue plan for Greece, as officials in Berlin admitted it was looking at how to construct a "firewall" to prevent the debt crisis spiralling out of control.
A German government official said that the steep decline in the euro and pressure on bond prices had forced Berlin to "take a significant step" in how to deal with the crisis.
In the long run, we're all dead. John Maynard Keynes
