Little Left to Cut Lower Interest Rates Won't Help Greece

In August, Merkel's government admitted that Greece needs billions of euros in additional aid. Some have called for a cut to interest rates on emergency loans made to Greece. But with the rates already so low, it would be but a drop in the bucket.
Graffiti in Athens: The Greek government is expected to have a budget shortfall of €11 billion over the next two years.

Graffiti in Athens: The Greek government is expected to have a budget shortfall of €11 billion over the next two years.

Foto: ARIS MESSINIS/ AFP

Bailout Packages to Greece So Far

Source: German Finance Ministry

*later reduced to 77 and 107 because not all euro-zone member states contributed