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Reluctant Germany cast in role of Europe’s saviour Add to ...

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The summer’s almost over and, in the Mediterranean, hoteliers will begin to add up this year’s takings. In Greece, the reckoning is more important than usual. Prices were cut to entice northern Europeans, and although business on Aegean beaches has by all accounts been brisk, it may not be enough to keep the financial wolves at bay. Germany’s central bank reckons that Greece will be begging for a new aid package in the Autumn and, by the way, the Bundesbank believes that the last tranche of aid, a €5.7-billion ($7.8-billion) lump paid in July, was only paid under political pressure.

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