Merkel Sets Greek Terms, Calls IMF-EU Aid Last Resort
Business Thursday, March 25th, 2010
Angela Merkel
March 25 (Bloomberg) — German Chancellor Angela Merkel laid out her terms for an aid package for debt-laden Greece, saying she supports loans from the International Monetary Fund and European governments as a last resort if default looms.
Asserting her clout as head of the European Union’s largest economy, Merkel ruled out an aid decision at today’s EU summit in Brussels, pushed for the IMF to be part of any potential rescue, and called for measures to stop deficit “trickery.”
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