Merkel defends foot-dragging over Greece

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Chancellor Angela Merkel hit out on Wednesday at accusations of foot-dragging over Greece, saying providing aid before Athens had announced extra austerity measures would have been counter-productive.

Providing aid before Greece had shown how it planned to reduce its budget deficit "would have had the opposite effect" to calming markets and tackling the crisis, Merkel said in parliament.

© 2010 AFP

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