Euphoria over euro rescue fades

Euphoria Euro Rescue Fades - Politics, Business, Civil, History - Posted: 11th May, 2010 - 3:54pm

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Business - European Economy
Post Date: 11th May, 2010 - 3:54pm / Post ID: #

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Euphoria over euro rescue fades

Euphoria over euro rescue fades (AP)
European Business News

German Chancellor Angela Merkel arrives for a meeting of the cabinet at the chancellery in Berlin, Germany, Tuesday, May 11, 2010. Germany's support for the European Union has been so unflinching that it's taken for granted, but are cracks now emerging in the wake of an unpopular decision to help bail out a struggling Greece?Voter resentment over the price of the Greek bailout helped cost Chancellor Angela Merkel her majority in the upper house this weekend in what she called a 'bitter defeat' for her party, and the country's media have kicked up a storm over paying for other Europeans' mistakes.(AP Photo/Michael Sohn)AP - Germany moved to chip in its share of the bold $1 trillion rescue package for the euro — even as stocks and the euro fell Tuesday on concerns the massive loan program only puts off the day of reckoning for the continent's indebted governments.



Source: Yahoo! News: Business - European Economy

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