The World from Berlin Politicians 'Are Lying Through Their Teeth' on Greek Aid

Germany is prepared to help Greece, but only if private creditors are involved in any new bailout plan. The European Central Bank, however, remains opposed to any kind of debt restructuring. German commentators say the ECB, having bought billions in Greek bonds, is too deeply involved to be independent.
A protest rally in Athens against a new austerity package on Thursday.

A protest rally in Athens against a new austerity package on Thursday.

Foto: PASCAL ROSSIGNOL/ Reuters
-- David Gordon Smith