主题：欧洲将死,G-2当立! 立此存照 -- parishg

Germans prove to the world again that they are narrow-minded people who can not afford the leadership role for the Euroland.

Euro to fall next week!

Germany's Merkel Says Greece Doesn't Need Financial Support

from WSJ.com, new article.

By MARCUS WALKER

BERLIN—German Chancellor Angela Merkel on Sunday said Greece doesn't need financial support and European Union leaders shouldn't make the question of aid for Greece the focus of their summit later this week.

In an interview with Deutschlandfunk radio, Ms. Merkel warned other European leaders against unsettling financial markets by raising "false expectations" that there will be a decision on aid for Greece this week. She said Greece should sort out its own debt problems despite growing calls from other European policy makers for Germany to back stronger support for Greece.

Tensions are growing between Germany and other EU countries over Greece's debt crisis and the bloc's wider economic strains ahead of the EU's summit in Brussels on Thursday and Friday. Other European policy makers are becoming frustrated at Germany's blocking of stronger action within the 16-nation euro-currency zone to end uncertainty over whether Greece can repay its debts.

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German Chancellor Angela Merkel attends a federal state party congress of the Christian Union Party (CDU) in Muenster, Germany on Saturday.

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Germany's government faces strong domestic resistance from voters and lawmakers to any bailouts of euro-zone members that, unlike Germany, have pursued loose spending policies in recent years.

After Athens said last week that it might turn to the International Monetary Fund for help, European Commission President José Manuel Barroso urged EU member states to agree to a standby-aid package of bilateral loans for Greece at this week's summit. He said that action was needed rapidly.

Ms. Merkel, whose approval is vital for any aid because of Germany's financial muscle, on Sunday rejected that assessment. "I don't see that Greece needs money at the moment, and the Greek government has confirmed that. That's why I'd urge us not to stir up turbulence in the markets by raising false expectations for Thursday's council meeting," she said. "I believe that as long as Greece doesn't need help this issue doesn't have to be at the forefront of our talks," she added.

EU leaders are nevertheless expected to discuss the issue, as many countries are eager to end the months of uncertainty surrounding Greece.

"There's no looming insolvency," Ms. Merkel said Sunday. Later, the German government issued a statement saying Greek Prime Minister George Papandreou told Ms. Merkel in a telephone conversation Sunday that "Greece needs no financial aid."

However, while Greek officials say they aren't asking for money, Prime Minister George Papandreou said last week he wants European governments to put a money offer on the table to show financial markets Greece has a safety net. That would allow Greece to borrow on bond markets at less-punitive interest rates, Mr. Papandreou said. He warned Greece might have to seek IMF help otherwise.

Ms. Merkel recognized that Greece is pressing the EU to make its contingency plans more explicit. "Greece would like to have a certain clarity for an eventuality it can't completely rule out," Ms. Merkel said. She added: "The best solution for the euro is for Greece to resolve its problems by itself—naturally with political support from European leaders."

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