A quick Tuesday morning update:
The New York Times has reported on the tense vote that ultimately led to the German Bundestag's approval of the latest Greek rescue package. http://www.nytimes.com/2012/02/28/world/europe/germany-backs-aid-plan-for-greece.html?adxnnl=1&partner=rss&emc=rss&adxnnlx=1330401602-I8BmO/o5DCHp2UlhNhr6jg
The vote has left Chancellor Angela Merkel in a weakened position, since she had to rely on opposition votes to get the overwhelming majority. Ongoing public opposition to the bailout may ultimately damage the coalition government, and possibly lead to new elections.
Former Chancellor Helmut Kohl has stepped into the fray http://www.spiegel.de/international/europe/0,1518,818095,00.html urging support for the European Union and Eurozone -- noting that maintaining peace remains an important goal.
As indicated in this Economist blog, economists are pessimistic about the prospects for Greece remaining in the Euro. http://www.economist.com/blogs/freeexchange/2012/02/euro-crisis-7?fsrc=scn/tw/te/bl/beyondgreece
More political turmoil as Ireland calls for a referendum: http://www.nytimes.com/2012/02/29/business/global/european-leaders-postpone-debt-crisis-meeting.html?_r=1&partner=rss&emc=rss
Another side of the fiscal crisis: The sad death of a toddler in Ireland lays bare the problem of "Ghost Estates:
http://www.nytimes.com/2012/02/29/world/europe/irish-boys-death-stirs-debate-on-ghost-estates.html?partner=rss&emc=rss
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