"Am I therefore become your enemy,because I TELL YOU THE TRUTH...?"
(Galatians 4:16)

Friday, May 14, 2010

Germany 'might have to foot entire euro aid bill'

Germany's opposition Social Democrats (SPD) said on Tuesday they had not decided whether to support a European rescue package for the euro, and warned the country could end up footing the entire cost of the bill.The package - 440billion euros in guarantees from euro states plus 60billion euros in a European stabilisation fund - includes some 123billion in loan guarantees from Germany, a German government source said on Tuesday.Another source said Chancellor Angela Merkel's cabinet had approved Germany's share in the aid, which has been strongly criticized by conservative media and could face a legal challenge at the country's highest court.SPD parliamentary whip Thomas Oppermann told ARD television there were still too many open questions about the plan, which parliament is due to begin debating next week."What happens if other countries who get aid from the package drop out? Will the German share increase then?" he said....

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