Germany delays help for the Greeks

A possible solution to the dispute over EU financial aid for Greece involving a loan from the International Monetary Fund has emerged. But because of German Chancellor Angela Merkel the timing of its official announcement remains uncertain, writes the left-liberal daily La Repubblica: "The compromise is taking shape but Berlin is imposing tough conditions. More isolated than ever, Germany continues to maintain that announcing a bailout plan would be premature. It insists that a special summit for giving the go-ahead should only be convened once Greece indeed proves incapable of financing itself. ... Even though everyone now agrees that the aid would be the absolute last resort it remains uncertain whether the Chancellor will give in to the demands of the majority of the Eurozone countries, the European Commission and even the European Central Bank."

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