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FSN: Merkel Rival Warns of Impact of Greek Default
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Peer Steinbrueck cautioned that German taxpayers could foot the bill from loan guarantees.
by Telegraph staff and agencies
Telegraph.co.uk
German taxpayers should be warned of the consequences of a Greek default, a rival to Chancellor Angela Merkel has said.
Peer Steinbrueck, the Social Democrats’ candidate for the role of German chancellor at next year’s election, said the German public need to be told that the loan guarantees Germany has provided for Greece could leave taxpayers footing a hefty bill.
“One must tell the people that Greece could default on these loans,” Mr Steinbrueck is reported to have said. “We in Germany have to make sacrifices to help hold Europe together. We’re already part of a ‘liability union’.”
Continue Reading at Telegraph.co.uk…
2012-11-24 12:22:14
Source: http://silveristhenew.com/2012/11/24/merkel-rival-warns-of-impact-of-greek-default/
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