The big fat greek wedding

German newspaper is not happy - Merkel lost in a poker game...   http://www.spiegel.de/international/europe/0,1518,688580,00.html

More importantly the Germans see three steps in this bail-out:

1. Greece needs to fail in bond market and ask for help

2. Then Head of States will need to ratify - and some Parliaments needs to vote (Germany, Holland and Ireland)

3. Unanimous vote

AND - Merkel can't politically extent the help before the German election in May (http://www.wsws.org/articles/2010/mar2010/nrwe-m09.shtml)

W