Merkel tells Greece to back cuts or face euro exit

Greece may be forced to leave the euro if the country refuses to implement spending cuts agreed with the European Union, Angela Merkel warned.

Raising the spectre of a Greek exit, the German chancellor said “solidarity for the euro” was threatened by the ongoing political crisis in Athens.

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Germany, Greece, Politics in General, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Merkel tells Greece to back cuts or face euro exit

  1. Ad Orientem says:

    While conceding that Greece is the author of most of their current problems, no one has the right to tell a nation to go starve in order to pay off its creditors. And Germany of all nations should grasp the dangers of political extremism that can arise in times of extreme economic calamity. I hope the Greeks tell Berlin and Brussels to go pack sand.