‘Dangerous games played in euro bailout’

In the runup to the German Constitutional Court’s examination of euro bailout policy, which is set to begin on June 11, the German government has refused to sanction a partial write-off of Greek debt, demanded by the International Monetary Fund.
For Handelsblatt, the move amounts to a clear message from Berlin to the Constitutional Court, the ECB and other Eurozone countries to the effect that “no money will be wasted by us.” The business daily continues —

The government is presenting itself as a guardian of German interests with regard to stability policy: in the event of any further partial write-off’s of Greek debt, Berlin has for the first time threatened to cease contributing to aid for stricken Eurozone state.