Tuesday 6 December 2016

Even Germany wants to avoid Greek tragedy

Noah Barkin and Gernot Heller in Berlin

Published 07/06/2011 | 05:00

German Chancellor Angela Merkel speaking in Singapore earlier this month
German Chancellor Angela Merkel speaking in Singapore earlier this month

German Chancellor Angela Merkel faces intense domestic pressure to win concessions from Athens which will involve private sector investors in a new aid deal for Greece.

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But for all the high drama, the risks of a rebellion in parliament against further assistance are extremely low despite the mutterings of discontent.

There has been plenty of tough talk from a vocal minority of Bundestag backbenchers, nonetheless the iron chancellor still retains broad support within her coalition and among key opposition leaders for her stance that Greece should receive additional support to avert a wider disaster for the eurozone.

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