Wednesday, 28 August 2013

'Euro System Failed, States Can Go Back to National Currencies'

A third bailout for Greece is now necessary and unavoidable - according to EU and German officials. But Chancellor Angela Merkel, who's trying to calm a riled-up electorate, insists that a lot less money will be needed this time round. The early figure being floated for a new Greek bailout is 10 billion euros, though as recent history suggests, that's likely to go up. But the Alternative for Germany Party election candidate Paul Hampel, says that Germans are well aware, of the true purpose of the bailouts.