Germany opposes increasing aid for debt-ridden nations:

12/15/2010 | Bloomberg

German Chancellor Angela Merkel voiced opposition to increasing Europe's €750 billion crisis fund, stiffening the country's stance on helping troubled nations. Germany's position puts the crisis-fighting burden on the European Central bank. "The consequence is a stalemate that leaves us with a familiar sense of deja vu," said Ken Wattret, an economist at BNP Paribas. "Market tensions are likely to resurface, as governments remain very publicly divided on the appropriate way forward."

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