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Eurointelligence Daily Briefing: German rebellion against second loan tranche for Greece
Bundestag votes in favour of Portugal package, but more and more MPs come out in opposition to a second loan package for Greece; Schäuble says Germany's support was a question of fate for Europe; Der Spiegel says Europe has become the fault line of centre-right politics in Germany; Bild Zeitung has another outrageous article about overpaid and lazy Greeks, and why the crisis will last forever; Antonio Borges and Jean Claude Juncker call for more Greek privatisations; Holger Steltzner bemoans that the ECB is becoming more French, and less German; the IMF warns that the crisis may yet spread to core Europe; El Pais wonders why the IMF still considers Spain to be among the Euro Area 4 peripheral countries; economists and investors overwhelmingly expect a Greek restructuring, according to a Reuters poll; Barclays Capital calculates that Greece needs a 67% haircut; True Finns stay out of government in protest over the decision to support a Portuguese aid package; there were more violent protests in Athens after the serious injury of a protester earlier this week; John Walters argues why Ireland is the victim in this crisis; Christine Lagarde is to revise the 2011 growth forecast upwards following a better than expected first quarter;there is much speculation, meanwhile, about the future of Lorenzo Bini-Smaghi after Mario Draghi's accession to the ECB presidency.
(Google link)

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Fri May 13th, 2011 at 04:52:51 AM EST

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