Telegraph - Live Blog: Reports in its 3.33post the following comments by Chancellor Merkel, " Europe is always geared to compromise. Germany is ready for that. Nevertheless one has to say that Europe's credibility is based on sticking to the rules and that we are reliable," she told reporters in Brussels. "Now we will look which proposals Greece will make. Finance ministers will talk about it next Monday, we still have some days time."
Lets Get Real:
Either Germany or Greece blinks, if Germany blinks it will see the EU start to print money, sooner or later you get inflation and we will see the economic problems of Germany in the 1920 imposed on a larger area. The Germany taxpayer is not going to pay for the political promises of Greece, if Germany allows this the left wing parties in Italy and France will offer the same deal, the Germans will pay for the political promises of other Countries, one would expect that the Germans would not be happy and they might turn to extreme Parties, yes people leaders never learn. Berlin has to be tough, even if that means Greece leaving the Euro, it will be painful but its better than a compromise that leads to an economic disaster. Time for Germany to take its place as a economic and military power.
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