SPIEGEL ONLINE INTERNATIONAL: The European Union has hammered out a rescue plan for Greece. If Greece goes belly up, Germany will have to fork over 8 billion euros to the relief effort. The government doesn't want to hear about having "buckled." But there's no doubt that Angela Merkel's days as "Madame Non" are behind her.
Christopher Steegmans, spokesman for Chancellor Angela Merkel, decided that the best defense would be to go on the offensive. In a press conference held in Berlin on Monday, he declared that the state of the European Union's decision on whether to help Greece was "unchanged" -- lest anyone have a chance to claim the opposite beforehand. As he described it, discussions about the proposed €30 billion ($40.8 billion) rescue package for the crisis-plagued county were only about "hammering out technical details" but the time for talking about last resorts had yet to arrive. "The fact that the fire extinguisher is on the wall," he stated, "says absolutely nothing about the likelihood of its being used."
In other words: There's no reason to get excited. There's nothing to see here. Go on about your business, please.
But something about his hasty and unprompted justification elicited the feeling that something just wasn't right. Hadn't something happened? Hadn't Angela Merkel earned the moniker of "Madame Non" just a few weeks ago among EU heads of state and governments for being such a hard-nosed negotiator and blocking all moves to quickly provide the cash-strapped Greeks with some financial shots in the arm? And hasn't the conversation suddenly turned to very concrete sums running into the billions of euros that Berlin can use to give Athens a hand? 'Buckled?' >>> Philipp Wittrock | Monday, April 12, 2010
