Germany-ECB:Schaeuble wants private banks to participate in Greece rescue

Schaeuble wants private banks to participate in Greece rescue. ECB head Trichet and (probably) coming head Draghi both dont like the idea too much. They both want a clean measure without private investors that is compact and doesnt complicate the situation any further.

Well, Schaueble and Germanys right press put it for some days like they were inventing hillarious ways to funnel extra funds to Greece. This apparel was thrashed since Greece got rated 'CCC' recently.

So, Schaeuble is pretty much the falcon in between some doves.

As of such, the non-commitment of Weber for ECB head may be viewed with diffrent eyes.
Merkel wanted to take a diffrent, less responsible path. Weber was obviously not willing to put up his candidacy under such conditions.