Greece has become a major issue in the German elections, as politicians debate the effectiveness of EU intervention, including the likely waste of German taxpayers' money. Wolfgang Schäuble, the powerful minister of finance, has openly stated that there will have to be another package for Greece, although the sums are likely to be small.
The IMF, meanwhile, has been pushing the EU to accept a restructuring of Greek debt. The debate has also been echoed in Greece, with government sources hinting at some lessening of the burden of debt after the German election, the banking lobby arguing against debt restructuring and the opposition decrying the intervention altogether .... http://www.theguardian.com
