Greece rejects German bailout plan

Business > Economics

Published: 30/01/2012 at 08:21 AM
Online news: Economics

The finance minister of debt-stricken Greece on Sunday rejected a proposal from Germany for the EU to take control over its tax and spend decisions, citing national sovereignty.

Greece's Prime Minister Lucas Papademos leaves after a meeting in Athens. The finance minister of debt-stricken Greece on Sunday rejected a proposal from Germany for the EU to take control over its tax and spend decisions, citing national sovereignty.

"Whoever hands people a dilemma between financial aid and national dignity is ignoring basic historical teaching," said Evangelos Venizelos on the eve of an EU summit on the eurozone debt crisis in Brussels.

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: Writer: AFP News agency; Position: Agence France-Presse

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khunbill
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Discussion 3 : 30/01/2012 at 10:48 AM3
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History repeats itself......the fall of the Greek Empire
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dao
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Discussion 2 : 30/01/2012 at 10:31 AM2
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I dont think Greece should be dictating terms when they are being offered a helping hand .Many EU countries are probably less than excited about having such a financially risky country among them anyway especially Germany .
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yik
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Discussion 1 : 30/01/2012 at 10:25 AM1
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"Whoever hands people a dilemma between financial aid and national dignity is ignoring basic historical teaching," --- easy: NO financial aid, live on "national dignity and historical teaching"
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Greece rejects German bailout plan | Bangkok Post: business