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No Help To Countries That Don't Cut Debts, Says Merkel

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http://uk.reuters.com/article/2011/08/29/uk-eurozone-germany-merkel-idUKTRE77S46220110829

Chancellor Angela Merkel warned in a campaign speech Monday that countries that do not do their homework on reducing debts will not be able to count on support from euro zone countries.

Merkel told a rally in the northeastern state of Mecklenburg-Vorpommern that countries which are willing to make a lasting and credible detour away from policies of heavy indebtedness can count of solidarity from other euro zone states.

"But those that don't do their homework will not get our support," Merkel said at the rally of her conservative Christian Democrats (CDU) in the state capital Schwerin ahead of an election Sunday.

Is a German election due? If the likes of Greece are going to reduce their debts what's the growth plan or what's the haircut plan. Without either Greece will never reduce it's debts, plus the downside for Germany will probably be less exports.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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