The Phaserl


Germany Caves On Greek Debt; Italy Takes Note

by John Rubino, Dollar Collapse:

Global financial markets breathed a sigh of relief today on news that Germany might cut Greece some slack after the latter elects an anti-austerity government:

Greek Debt-Relief Talks Possible After Vote, Germans Say

Germany is leaving the door open to discussing debt relief with Greece’s next government, lawmakers in Chancellor Angela Merkel’s coalition said, signaling a more flexible stance than her administration has taken publicly.

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