Debt Crisis: Germany Signals Shift on €2.3 Trillion Redemption Fund for Europe – Telegraph   “The German government has begun opening the door to shared debts for the first time in a profound change of policy, agreeing to explore proposals for a €2.3 trillion (£1.9 trillion) stabilization fund in order to stop the eurozone’s crisis escalating out of control.”

Signal Ahead of Key Election EU May Soften Greek Austerity Package – Der Spiegel   “The EU is signalling that it may be willing to renegotiate the austerity measures it imposed in return for aid to Greece, a German daily reported on Wednesday. The move is aimed at keeping Greece in the euro by boosting support for pro-austerity parties in the June 17 election.”

President Obama’s Speech Gets A Thumbs Down From Political Press Corps – Politicker   “Despite the hype, the speech was mainly a rehash of themes and ideas from the president’s recent stump speeches and his remarks were widely panned as overly long by the political press corps.”

Geithner: Economy Not Doing Fine – The Hill   “He acknowledged that, given pressures from Europe, the U.S. economy is not on track to bring down the current 8.2 percent unemployment rate faster, and implored Congress to act on stalled legislation to create jobs.”   I guess you have the choice of believing Obama’s comment or Geithner’s comment!

Be Sociable, Share!

•