Germany: Eurozone could cope with Greece exit

Reuters reports Greek PM, Finance Minister Will Miss Summit Due to Illness. Illness means both Greece's new prime minister and finance minister will miss an anxiously awaited summit of European leaders later this week and delayed a visit by the country's international lenders.

Some late news indicates that the 'deal' is further away than many hoped (or rumored) earlier in the day. Welt am Sonntag reports that German FinMin Schaeuble exclaimed "I won't allow myself to be blackmailed," adding his responsibility to the stability of the Euro.

German Finance Minister Wolfgang Schaeuble has urged Britain to remain strongly engaged in the European Union, responding to a tide of Euroscepticism that Berlin fears could sweep London towards the exit.

'It’s not yet decided,' German Finance Minister Wolfgang Schaeuble said in an interview with ZDF television. We want Greece to be able to stay in the eurozone.

BRUSSELS – Germany and France clashed publicly on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of ECB powers that threatens to derail one of Europe’s boldest reforms. With time running out to meet a pledge to complete the legal framework for an EU-wide banking union by the end of the year, Germany’s Wolfgang Schaeuble told a meeting of EU finance ministers he could not support a plan that would give the ECB the final say on supervision.

The question of the day, to which we all know the answer (but I want to ask the question anyway), Are the Nannycrats Afraid of Democracy? Here is a comment someone posted on the Guardian Greek Election Blog