Posted on 05/26/2012 10:45:38 AM PDT by tobyhill
Germany will not "pour money into a bottomless pit" and patience with Greece is growing thin ahead of a new election in the Mediterranean country, a conservative member of Chancellor Angela Merkel's cabinet was quoted on Saturday as saying.
Interior Minister Hans-Peter Friedrich told the Leipziger Volkszeitung newspaper that Germany, Europe's largest economy and the biggest contributor to rescue efforts, is glad to help Greece help itself but expects it to honor its agreements.
"We're not willing to pour money into a bottomless pit," he told the newspaper.
"Anyone who wants to see help and solidarity from us has to accept that we expect from that country a certain amount of seriousness and a certain amount of reasonableness."
Friedrich, who has long been a hardliner in Merkel's cabinet on Greece, became the first German minister in February to openly call for the country to leave the euro zone.
(Excerpt) Read more at reuters.com ...
I pray Merkel stands strong. Extreme financial pain is what these Socialists need to end once and for all their distorted view of how an economy functions.
They won’t close the money tap any time soon, because too many EU worshippers are terrified of the prospect of the EU collapsing.
The real issue isn’t that Greece leaves the Euro, it’s that Germany will re-instate the Deutsche Mark and the eurozone will be left to sink on their own.
The German public is increasingly getting angry at having to pay for the follies of the rest of Europe.
When Dad doesn’t want to get tough and cut off the slacker son or daughter then it is up to Mom to do so.
I understand that the EU is destined to collapse, but tell that to the EU fetishists in Brussels.
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