Reading Mode

Fallout from Greek Bailout Immediate

Fiscal Times, May 10, 2010: Merkel a Political Loser in European Bailout

While world markets rallied Monday on news of a European Union stabilization fund worth nearly $1 trillion, German Chancellor Angela Merkel was left reeling after state elections gave power to the opposition in the upper house of the German parliament, threatening to derail what is left of her political agenda.

Read the rest here.