Merkel won't survive this

BERLIN—Germany is considering dropping its push for an early rescheduling of Greek bonds in order to facilitate a new package of aid loans for Greece, according to people familiar with the matter.

Berlin's concession that it must lend Greece more money, even without burden-sharing by bondholders in the short term, would help Europe overcome its impasse over Greece's funding needs before the indebted country runs out of cash in mid-July.WSJ

Keynesians may think that continual subsidies from one nation to another is fine and dandy, but the subsidizers in this case work hard through cold winters and garner a surplus. The subsidizers also vote, and generally vote not to send their paychecks down south.