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Allianz CEO warns against Greece default - paper
BERLIN, May 23 (Reuters) - The chief executive of Europe's largest insurer, Allianz, warned governments not to push Athens toward insolvency by blocking further aid to Greece. ...'Greece cannot save itself alone through a debt restructuring. The country must not decouple itself from capital markets,' Diekmann said. 'We need an industrialisation plan for Greece, a type of Marshall Plan. European labour and production need to be shifted to the country.'
...'Greece cannot save itself alone through a debt restructuring. The country must not decouple itself from capital markets,' Diekmann said. 'We need an industrialisation plan for Greece, a type of Marshall Plan. European labour and production need to be shifted to the country.'
A translation of the more detailed original, without linking to the Axel Springer source:
(The same guy is advocating retirement at 69 in Germany, so he didn't suddenly became a leftie.) *Lunatic*, n. One whose delusions are out of fashion.
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