German response to Greece’s emergency is another humiliation in an increasingly nasty war between Europe’s North and Southvia
As Greek Prime Minister George Papandreou and German Chancellor Angela Merkel prepared for a crisis meeting in Berlin Friday, a retired bank clerk named Yannis Pannousakis and a dozen supporters blocked the entrance to a German electronics franchise in downtown Athens, handing out leaflets showing Ms. Merkel in an SS uniform.
Greece will ask for European assistance Friday to cover borrowing costs and avert a default that could threaten the stability of the euro, though Ms. Merkel and senior European Union officials have been increasingly unwilling to commit to a bailout. The Berlin meeting comes as Greece helped to reassure markets with the successful sale of a 10-year bond to raise €5-billion Thursday, a day after Mr. Papandreou imposed a drastic set of salary cuts, hiring and pension freezes and tax hikes to cut the deficit.
Greek bailout drives rift in European ‘brotherhood – The Globe and Mail.