Friday, February 17, 2012

Berlin vs. Athens - Euro Crisis


Guardian: Reports that the 2nd Greek bailout could fall apart on Monday due to a “ ..growing evidence of a significant split between Merkel and her finance minister Wolfgang Schäuble … ”. The German Government is a Coalition Government, thus the German Chancellor can say anything she likes, but she has to take her own Party and her Coalition Partner with her, the questions that must be asked in Berlin is will there be another Greek bailout, will a new Greek Government after the General Election in April carry on with the austerity package agreed with the present Greek Government and the troika, can Greek politicians be trusted. The 1st question is simple, of course the Greeks will be back for more money, they are in the sewer when it comes to financial competence, as to the 2nd question, it depends who wins the election, when people are in despair they turn to extreme Parties, left or right, that's how Hitler came to power. As to the third question, simple, Would you trust a Greek politician, any politician? NO.

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