According to counsel the Germany is no need to take any decision on what either today

The Germans showed strongest that ever, yesterday, on the Greek record, now the line that the Greece did not need urgent help. In the entourage of the Chancellor, it was in was a very formal reading of the invitation addressed to the heads of State and Government, in which the Greece is not mentioned. According to counsel, "the Germany is no need to take any decision on what either" today. Berlin is clearly still of an evil eye a prior meeting of the 16 leaders of the Member countries of the euro area. Angela Merkel, Athens assistance cannot intervene only in last resort, if the Greece was really by default.

Should it get this far, Chancellor has persuaded a growing number of partners to intervene in the first place the IMF. "There is clearly more support there three weeks for a participation of the IMF", said one of the Councillors, who welcomed, even if Finance Minister Wolfgang Schäuble for his part felt that, "in the long term, it would be preferable that Europe solve its problems itself. It is only because assistance from the IMF would likely ensure it only the refinancing of Athens that Berlin would agree to consider a mechanism for bilateral aid, which would take part all the countries of the euro area. One of the possible distribution key would be participation in the capital of the European Central Bank (ECB).

Why the Chancellor Merkel is so hard The fear of an action before the Constitutional Court seems to play an important role. Bavarian MP Peter Gauweiler (CSU) is an extensive reading of the "no lease out" clause of the Treaty and seems very determined to seize the Karlsruhe judges. It is much more credible that he had filed an appeal against the Lisbon Treaty and had been partially successful last year: the Court held the domestic laws of covering insufficient and called for a greater participation of the German Parliament in the European decision-making process.

The ECB hostile to the use of the IMF

In any case the assumption of recourse to the IMF do little to the Central Bank. Lorenzo Bini Smaghi, Member of the Executive Board of the ECB, said that "people would better make a claim if the IMF between in the game, not if Europe organizes bilateral support".

Angela Merkel must also deal with an ally, the Liberal Party, very hostile to the principle to help the Greece: the Minister of economy, Rainer Brüderle, still said yesterday objected "to what the German taxpayer pays for bad management in Greece or elsewhere".

Finally, the Chancellor is visibly ill announce to its voters that it will not be able to implement tax cuts promised in the coalition agreement, at least not in the proportions announced, as seems most probable, though it broaden billions of euros to Athens.

So far, Berlin rejects any criticism of a possible default of solidarity of his part "What's the best European, request one of advisors, which provides rapid assistance and puts the system in danger or that which is more thoughtful way"