Merkel Sees IMF, EU Aid for Greece as Last Resort

German Chancellor Angela Merkel said that she will recommend at a European Union summit that a combination of International Monetary Fund help and bilateral EU aid is offered to Greece as a measure of last resort.

In a speech to lawmakers in Berlin today before heading to Brussels for the summit with fellow EU leaders, Merkel chided member states that flaunt EU budget-deficit rules, saying that budget restraint is a requirement for all members of the euro region.

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell