{"id":622740,"date":"2010-01-06T14:45:56","date_gmt":"2010-01-06T19:45:56","guid":{"rendered":"http:\/\/www.businessinsider.com\/euro-brinkmanship-escalates-as-ecb-shuts-door-on-greek-bail-out-2010-1"},"modified":"2010-01-06T14:45:56","modified_gmt":"2010-01-06T19:45:56","slug":"euro-brinkmanship-escalates-as-ecb-shuts-door-on-greek-bail-out","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/622740","title":{"rendered":"Euro Brinkmanship Escalates As ECB Shuts Door On Greek Bail-Out"},"content":{"rendered":"<p>Jurgen Stark, the ECB&#8217;s chief economist and the powerful German member on the    bank&#8217;s inner council, said Greece&#8217;s problems are entirely &#8220;home-made&#8221;    and do not meet the terms required to trigger the rescue mechanism under EU    treaty law, which is limited to countries that face severe difficulties &#8220;beyond    their own control&#8221;.<\/p>\n<p>&#8220;The Treaties set out a &#8216;no bail-out&#8217; clause, and the rules will be    respected. This is crucial for guaranteeing the future of a monetary union    among sovereign states with national budgets. Markets are deluding    themselves if they think that the other member states will at a certain    point dip their hands into their wallets to save Greece,&#8221;<strong> <a href=\"http:\/\/www.ilsole24ore.com\/art\/SoleOnLine4\/Finanza%20e%20Mercati\/2010\/01\/bce-tassi-fermi-nessun-aiuto-grecia.shtml?uuid=eb4ada30-fa9d-11de-81dc-6b0fd287bccb&amp;DocRulesView=Libero\">Stark    told the Italian daily Il Sole<\/a><\/strong> .<\/p>\n<h2><a href=\"http:\/\/www.telegraph.co.uk\/finance\/comment\/ambroseevans_pritchard\/6942680\/Euro-brinkmanship-escalates-as-ECB-shuts-door-on-Greek-bail-out.html\"><strong>Read the whole story at The Telegraph &#8212; &gt;<\/strong><\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/euro-brinkmanship-escalates-as-ecb-shuts-door-on-greek-bail-out-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/euro-bankers-fly-in-to-fight-for-flailing-greece-2010-1\">Euro Bankers Fly To Greece For Dramatic Emergency Meeting<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/greece-negotiate-interest-rates-2010-1\">Scared Of An Auction, Greece Wants To Negotiate Interest Rates Behind Closed Doors<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/moodys-downgrades-greece-as-civil-servants-union-threatens-to-go-on-strike-to-protest-budget-cuts-2009-12\">Moody&#8217;s Downgrades Greece, As Civil Servants Union Threatens To Go On Strike To Protest Budget Cuts<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/bAR7lEfxNWU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jurgen Stark, the ECB&#8217;s chief economist and the powerful German member on the bank&#8217;s inner council, said Greece&#8217;s problems are entirely &#8220;home-made&#8221; and do not meet the terms required to trigger the rescue mechanism under EU treaty law, which is limited to countries that face severe difficulties &#8220;beyond their own control&#8221;. &#8220;The Treaties set out [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-622740","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2C0c","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/622740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=622740"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/622740\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=622740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=622740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=622740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}