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Sunday, 26 February 2012 - Germans overwhelmingly oppose Greek bailout: poll |
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Sat, Feb 25 2012 Video shows exact moment of train crash in Argentina Thu, Feb 23 2012 Interactive Euro zone bank stress test calculator Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test.  Full Coverage  Germans overwhelmingly oppose Greek bailout: poll Tweet Share this Email Print Related News Greece sets stage for Friday bond swap Thu, Feb 23 2012 Greece pores over bailout laws amid protests Wed, Feb 22 2012 Europe seals new Greek bailout but doubts remain Tue, Feb 21 2012 Relief vies with shame on streets of Athens Tue, Feb 21 2012 Second Greek bailout in reach, funding gap narrows Mon, Feb 20 2012 Analysis & Opinion As Syrians flee Homs, sectarian faultlines deepen Greek deal makes best of a bad job Related Topics World » Greece » German Chancellor Angela Merkel gives a speech during a memorial ceremony for the victims of neo-Nazi violence at the Schauspielhaus concert hall in Berlin February 23 , 2012. Credit: Reuters/ Michael Kappeler/Pool By Erik Kirschbaum BERLIN | Sun Feb 26, 2012 9:16am EST BERLIN (Reuters) - Germans overwhelmingly oppose further aid for Greece, according to opinion poll released on Sunday, one day ahead of a vote in parliament on a new Greek bailout package where Chancellor Angela Merkel may be forced to rely on opposition support. The poll by the Emnid Institute in Bild am Sonntag newspaper found 62 percent oppose a new 130 billion ($175 billion) rescue package while 33 percent are in favor. A similar Emnid poll in September found 53 percent opposed and 43 percent in favor. Merkel's centre-right coalition faces a testing vote in parliament on Monday when at least a dozen deputies are expected vote against the measure. It should still pass with ease because opposition parties will vote for it. But the prospect of the ruling bloc failing to win a majority on its own would be a humiliating setback for Merkel, with some analysts and opposition leaders warning it could endanger her coalition. Further signs of tension in the coalition emerged on Saturday when Merkel's Interior Minister, Hans-Peter Friedrich, became the first member of her government to openly call for Greece to leave the euro zone. Merkel's government has 330 seats in the 620-seat parliament so Merkel can afford no more than 19 rebels if she is to deliver the 311-seat majority without relying on the opposition. In a September 27 vote, there were 15 rebels in the coalition and Merkel got 315 votes from her coalition deputies. 'RESCUE ONLY BUYS TIME' Wolfgang Bosbach, a respected member of parliament in Merkel's Christian Democrats, told Reuters he planned to vote against the Greek rescue package on Monday because it will not help resolve Greece's lack of economic competitiveness. "My fear is we're only buying time with this rescue package and yet will be taking on more risk," said Bosbach, who also voted against the previous measure. "My fear is that the basic problems won't be resolved. On top of that, the drastic savings efforts that are necessary for Greece will further choke off the economy and lead to even higher unemployment." The Emnid poll in Bild am Sonntag also found that two-thirds of Germans believe a Greek state insolvency is unavoidable and only 31 percent believe it can be averted. Germans, who are making the largest financial contribution to the euro zone bailout to Athens, are growing increasingly impatient with what Finance Minister Wolfgang Schaeuble recently described as a "bottomless pit" in Greece. At the same time, there is a growing awareness in Germany, Europe's leading economy, that its own prosperity is at risk as the debt crisis sucks in other countries and stifles demand within the currency bloc for German exports. German criticism of Greece has reopened wounds in Greece dating back to World War Two. Protesters in Athens burned a German flag earlier this month while Greek newspapers have portrayed Merkel and Schaeuble in Nazi uniform. Merkel is opposed to Greece leaving the euro zone but her Bavarian allies, the Christian Social Union (CSU), face a difficult state vote in 2013 and have been raising the volume on calls for Greece to quit. Yet until Friedrich's comments on Saturday none of the three CSU ministers in her 15-member cabinet had dared express that view in public. Friedrich said Greece's chances of restoring its fiscal health would be greater outside the euro. "Greece's chances to regenerate itself and become more competitive are certainly greater outside the currency union than they are if it stays in the euro zone," Friedrich told Der Spiegel magazine. "I'm not saying that Greece should be thrown out but rather to create incentives that it can't say 'no' to." (Reporting By Erik Kirschbaum; Editing by Robin Pomeroy) World Greece Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (4) ofilha wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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