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Greece Refuses German Aid

| International News by Staff Reporter

Greece has shot down a proposal that it surrender its budget control


Greece on Sunday turned down a German proposal that it surrender control of its budget to a “budget commissioner” with veto powers.

This is according to Business Day, who said German Economy Minister Philipp Roesler yesterday (Sunday) became the first German cabinet member to openly endorse such a proposal.

Greece, however, who is currently discussing a further 130-billion euro package, has dismissed the idea of relinquishing control of its budget.

“The standoff between the two countries could prolong the search for a deal to save troubled euro-zone economies that are threatening to drag the global economy down with them,” said Business Day

To read the full article on Business Day click here.


Source: www.bizpremises.co.za