Sunday, June 24, 2012

Germany on Greece - Eurozone Crisis


Telegraph: Reports on comments by Wolfgang Schaeuble the German Finance Minister, Mr Schaeuble the article notes states the following on Greece, " has forfeited much of Europe's trust during the sovereign debt crisis..".

Lets Get Real:

The Germans are fed up with the Greeks, every time they want to change a deal that they agreed to, the Germans must know that there will come a time when they will have to kick Greece out of the Euro, otherwise the German taxpayer will forever on the hook to bailout the Greeks. The Greeks will never reform while in the Euro, why should they, they are under the illusion that the EU and Germany at the end of the day will bail them out, the New Democracy Party won the Greek election with the backing of the older generation, that generation will not be on the Streets in demos against the austerity package that the Greeks have to pass to get the EU money, this is like watching a slow moving train wreck, no wonder the new Greek Finance Minister fainted, any normal person would, poor Greeks, they will never learn.

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