Germany ‘won’t give one cent to Greece’: minister

http://www.breitbart.com/artic….._article=1

The German government will “not give one cent” to help Greece out of its debt crisis, Economy Minister Rainer Bruederle said on Friday as the two countries’ leaders prepared to meet in Berlin.

Greek Prime Minister George “Papandreou said that he didn’t want one cent — in any case the German government will not give one cent,” Bruederle said on the sidelines of a meeting with European Union industry commissioner Antonio Tajani.

We are not asking for money,” Papandreou said.

“We need support from the European Union and our partners to obtain credit on the markets at better conditions. If we do not receive this aid, we will not be able to enact the changes we foresee.”

Greece successfully raised an urgently needed 5.0 billion euros (6.8 billion dollars) with a bond issue on Thursday, but had to pay an interest rate significantly above 6.0 percent, or about twice the rate at which Germany can borrow.

Once again, I say, this is coming to America.  There is only so much money in the world.  As countries spend more than they take in they need to borrow from countries that have a surplus.  USA must compete with other countries for additional money to keep up with our spending.  As more and more countries compete for additonal monies, the interest rates will likely increase.  It is simply the law of “Supply and Demand”.

I’m interested in seeing what happens in Greece if Germany (or any other country) decides NOT to give them the money they want.  This could give us an indication of what will happen in America if Japan or China decide to stop loaning us the money.