Germany not the Only EU Country Facing Backlash

December 19th, 2010
in Background

Credit Writedowns:  Germany has taken all of the criticism for enforcing a hard line on the austerity quid pro quo which allowed the euro zone bailouts to proceed. However, policy makers from a number of other countries share similar concerns about the negative political effects that bailouts for those perceived as fiscally profligate will have. At varying times, we have heard this in Finland, Slovakia, and Austria to name a few countries within the euro zone. Politicians from Sweden and Latvia have also expressed reservations.

In the , it looks as if the government could receive a voter backlash for its support of the bailouts if things continue as they have. David Tweed of Bloomberg reports.  Read more and see video.....

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