7 Responses to Economic ruin on the horizon for Greece: Germany cast doubts on saving country from financial meltdown

  1. nk says:

    “..entrenching German-style fiscal and budgetary rigor in all single currency countries…” Smells like a German take over of sorts…just saying.


  2. JerseyCynic says:

    I never considered that, nk. Hmmm…


  3. chiller says:

    Germany never lost its of power from WWII. They are either going to rule all of the EEeeuuuwww or leave it all together. HEIL MERKLE!!


  4. Irene C says:

    I tend to agree nk. I always heard that you can’t keep a good German down, and considering that my grandparents were German, and since I lived in Germany for three years, I believe it is true. This could get interesting.



  5. http://www.spiegel.de/international/europe/0,1518,811607,00.html
    When she turned to Germany, Merkel insisted that the country was prepared to do what it takes to save the euro, but the comments that followed showed she wasn’t ready to get overly ambitious on that front.
    “Germany is thought to be especially strong,” she said, adding that this is not entirely wrong. But when Germany makes a promise “that through tough attacks on the market is also not redeemable, then Europe has a totally open flank.”
    The comment echoed another she made in an interview she gave on Wednesday to six European newspapers, including German daily Süddeutsche Zeitung, when she warned about placing too many financial burdens on Germany. “Amid all the billions in aid and rescue funds, we Germans also must watch that we do not lose our strength in the end — because our possibilities are not endless either, and that would not help Europe as a whole,” Merkel added. “We show solidarity, but must not forget (countries’) own initiative.”
    Merkel’s speech, during which she also stressed the need for European unity, seemed to be an effort to turn the focus away from Germany’s role in the euro crisis. But the attempt is unlikely to be successful. Somewhat paradoxically, Berlin is being accused of both stubbornness in its reform demands and timidity in its leadership role.


  6. john james says:

    This has more to do with Wall Street traders and their ability to create money where there is no asset to back it, and then walking away when the sh..hits..the fan.


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