German politicians don't want to give Portugal its bailout cash until it sells its own assets, according to the International Business Times.
Norbert Barthle, who is a member of Angela Merkel's party and budget speaker, as well as his Social Democrat rival, Carsten Schneider, have both called for Portugal to think about selling its gold
Frank Schäffler, a member of the FDP party in coalition government, is more adamant, saying that Portugal should have to "sell their silverware" including gold, before they receive a bailout.
While the bailout package has been agreed to, economic ministers from the eurozone still need to approve the package in a vote on May 16.
As domestic pressure rises, German Chancellor Angela Merkel may force changes in the bailout package, or a higher interest rate on Portugal's loans in order to appease her domestic constituencies.
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See Also:
- Greece Trying To Extend Payment Period On Bailout Loans In Last Gasp Attempt To Avoid Restructuring
- And Now There's A Real Estate Bubble Forming In Germany
- The True Finns Are Too Late To Stop The Portuguese Bailout
Full story at http://feedproxy.google.com/~r/businessinsider/~3/QV31jHngR5s/germany-potugal-gold-bailout-2011-5
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