Rumors of German Aid to Greece May Be Unfounded

Filed under: International Markets, Management, Insiders, Market Matters, Politics, Headline News, Financial Crisis

There have been rumors that Germany is coming to aid of Greece, but there are some formidable obstacles in such a ploy.

First EU law bars the European Central Bank or national central banks from bailing out EU members through buying their debt or offering loans, according to a German parliament research unit."There are no identifiable grounds for an alternative interpretation."

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Rumors of German Aid to Greece May Be Unfounded originally appeared on BloggingStocks on Tue, 09 Feb 2010 18:30:00 EST. Please see our terms for use of feeds.

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