WARNING: Germany May be Ready to Surrender in Fight to Save Greece
Germany may be getting ready to give up on Greece.
“After almost two years of fighting to contain the region’s debt crisis and providing the biggest share of three European bailouts, Chancellor Angela Merkel is laying the ground for what markets say is almost a sure thing: a Greek default.
“It feels like Germany is preparing itself for a debt default,” Jacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London, said in an interview. “Fatigue is setting in. Germany could be a first mover or other countries could be preparing too.” ”
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………Looks like those Greek bailouts weren’t “good enough“. Do I smell Euros burning in there? Where are the smores?