Germany’s Greek stance keeps everyone guessing
There is only one thing that unites all German politicians: They do not want to take the blame for whatever happens next.
There is only one thing that unites all German politicians: They do not want to take the blame for whatever happens next.
If Europe’s political elites had allowed the Greek crisis to run its course in 2010, Greece would be recovering by now.
Crunch time or not, the Greek crisis will remain with us for much longer.
A German departure from the euro would have some highly beneficial effects on the remaining eurozone members.
The euro crisis has caused considerable economic and financial damage already.
Hardly a day passes that a Greek government official does not add a needless provocation to the bailout debate.
Europe is well past the stage at which it needs constructive ambiguity.
Tsipras and Varoufakis may not realise it but their gamble with Europe has the potential of backfiring on them and their country.
For Varoufakis and Schäuble, there really is little hope of finding any common ground.
Barely sworn in, Prime Minister Alexis Tsipras’ new cabinet went straight to work trying to turn their country upside down — and the European Union with it.
© Dr Oliver Hartwich