Anders Borg, the Swedish finance minister, said that “the politicians seem to be behind the curve all the time.” Citing a “clear need for bank recapitalization,” he added: “We really need to see some more political leadership.”
Despite the potentially grave consequences, the mood in Germany seemed to be turning increasingly in favor of letting Greece fail rather than bear the growing cost.
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Greece Nears a Tipping Point in Its Debt Crisis
Anders Borg, the Swedish finance minister, said that “the politicians seem to be behind the curve all the time.” Citing a “clear need for bank recapitalization,” he added: “We really need to see some more political leadership.”
Despite the potentially grave consequences, the mood in Germany seemed to be turning increasingly in favor of letting Greece fail rather than bear the growing cost.
Read it all.