Germany, France Prepare Aid Package, Press Greece for Budget Cuts

Filed under: International Markets, Recession, Financial Crisis

All-in yet regarding Greece? Nope, not quite, but Germany, as expected, has taken the lead in coordinating an aid package for the euro-zone's beleaguered font of democracy.



Further, France, Bloomberg News reported Wednesday, has quickly voiced support for the German initiative, and if it follows the pattern of previous interventions, investors will soon learn that France fully-supports Germany's plan, but also underscores that Germany, with the euro-zone's largest economy and resources, should bear most of the financial burden/risk of any package.

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Germany, France Prepare Aid Package, Press Greece for Budget Cuts originally appeared on BloggingStocks on Wed, 10 Feb 2010 18:00:00 EST. Please see our terms for use of feeds.

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