Wednesday, June 13, 2012

Osborne's remarks

From http://blogs.telegraph.co.uk/finance/jeremywarner/100017849/why-the-fuss-about-osbornes-grexit-remarks-schauble-has-been-saying-it-for-months/
"...Osborne's remarks chime with what German officials have long been saying privately – that some kind of Lehman's-like example needs to be made of Greece before Germans will become convinced that more needs to be done to save the euro. Whether they actually will act once Greece has been kicked out is another matter. But Osborne is only relating what German policy makers themselves have been saying privately for some time. So the idea that his remarks have further inflamed matters in Europe is faintly ridiculous..."

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