German About-Face? Berlin Retreats on Private Involvement in Greece Bailout

German Finance Minister Wolfgang Schäuble has for months been insisting that any new aid package for debt-stricken Greece must involve private investors. Amid strong resistance, particularly from rating agencies, Berlin may now be backing down.
Masks hung by protesters outside the Greek parliament this week. Prime Minister Giorgios Papandreou is urging the European Union to act quickly.

Masks hung by protesters outside the Greek parliament this week. Prime Minister Giorgios Papandreou is urging the European Union to act quickly.

Foto: LOUISA GOULIAMAKI/ AFP
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