‘It Makes Sense’

‘It Makes Sense’

Thomas Straubhaar, president of Germany’s HWWI economic institute, said the Bundestag had no choice other than backing the Greek rescue.
“It’s expensive but it makes sense because every other option to save Greece would end up being even more expensive,” Straubhaar said in an N24 television interview.
The stakes of the Bundestag vote were underscored by a headline in Germany’s best-selling Bild newspaper calling on lawmakers to reject the Greek bailout package. Exhorting Bundestag members to “Stop!” in a front-page headline, the Axel Springer AG (SPR)-owned newspaper capitalized on public distaste over the rescue package.
Bild reported yesterday that 62 percent of Germans wanted lawmakers to vote down the package, versus 33 percent who approved, according to a poll.