Merkel Falls In line Behind Draghi... For Now

August 17, 2012 9:53 AM EDT
Today German Chancellor Angela Merkel, back from her vacation, said she is considering easing restriction tied to the Greece bailout. The statement comes despite opposition by German hardliners. Merkel also made comments in support of Draghi's plan to provide short term support to troubled EU countries, although she stressed the need for concessions, or as she put it "political action in the form of conditionality as the precondition for a positive development of the euro."

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