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Greece: We are all at Germany’s mercy
Eleftherotypia, Athens ^ | 10/27/2011

Posted on 10/27/2011 9:32:02 PM PDT by bruinbirdman

The leaders of the Eurozone have reduced Greece’s debt and increased the amount of EU aid. However, for Eleftherotypia, which notes on its front page that “German tanks are in the bailout,” the decision will put the Greeks and all Europeans under the heel of Berlin.

Buoyed by a Bundestag vote in which she secured the support of 80% of Germany’s MPs, Angela Merkel went on to attend the Brussels summit to find a solution to the Greek problem.

However, the decision taken by the summit had already been announced, almost point by point, by the Chancellor before the German parliament. Apparently, she did not even take into account the views expressed by other European leaders. It is as though there were no other players in Europe.

Of course, everyone knows that Germany is the strongest player. Everyone knows that its opinion has more weight than the others. But it cannot always have the last word. Because in politics, you cannot apply the same rules as in football: otherwise we will arrive at a situation where “in the end, Germany always wins,” as one former English footballer put it.

Merkel does as she pleases

The way things are going now, politics and football have switched sides in this dichotomy: because in football, Germany often loses, whereas in Europe, they always succeed in imposing their opinion. And in so doing, they have not met with any opposition.

Even the French president has been roundly criticised by his national press for supporting the German position. Other leaders, like Luxembourg’s Prime Minster Jean Claude Juncker, have voiced concern over Germany’s hegemony.

However, none of this has served any purpose. Chancellor Merkel does as she pleases. With regard to Greece, she has imposed a solution that entails a 50% devaluation of sovereign debt, and far-reaching structural reforms including a number of key austerity measures.

No positive future

This is what has been exchanged for the gift of restructuring. Even if Merkel says that she has “respect” for the sacrifices accepted by the Greeks, it will not change the reality of austerity for Greece, or other countries that are in now trouble – and these include Italy, even if Berlusconi has been shy to admit it.

Greece, like every other country in the eurozone, is now at the mercy of Germany. When major decisions are under discussion, and, at the end of the day, they are imposed by a single country that is determined not to give in no matter what the consequences, the others are necessarily obliged to back down.

If the situation continues with no other country being allowed to express its point of view, there will be no positive future in Europe especially for small countries, which are the weak links in the chain.


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Germany; News/Current Events; United Kingdom
KEYWORDS: europeanunion; france; germany; greece; unitedkingdom

1 posted on 10/27/2011 9:32:03 PM PDT by bruinbirdman
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To: bruinbirdman

Socialist lazy parasites whining about hard workers up north.


2 posted on 10/27/2011 9:40:09 PM PDT by FormerACLUmember
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To: bruinbirdman
What Greece sees as hegemony, Germany sees as a ball and chain.

This will not last 1 year...this detente.

Europe will splinter politically and monetarily...possibly creating new countries, regions and alliances of the strangest sort.

Or, if you read history...predictable sort.

3 posted on 10/27/2011 9:40:22 PM PDT by Mariner (War Criminal #18)
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To: bruinbirdman

Note to Grease,

Nobody forced you to spend all dat $.


4 posted on 10/27/2011 9:40:29 PM PDT by biff (WAS)
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To: bruinbirdman

Maybe someone learned in Greek can translate this:

“Don`t look a gift horse in the mouth.”


5 posted on 10/27/2011 9:43:28 PM PDT by myheroesareDeadandRegistered
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To: Mariner

What Greece sees as hegemony, Germany sees as a ball and chain
Germany's elites don't seem too willing to let go of that "ball and chain"; rather, they seem very interested in binding it closer to it. That goes against the will of the German people, FTR.

Europe will splinter politically and monetarily...possibly creating new countries, regions and alliances of the strangest sort
Now that the elites have their empire, they won't let it just splinter. It may fracture, but the core of it will remain strong; after all, this is the very "beneficial crisis" they wanted when the euro was first started.
The European Commission's top economists warned the politicians in the 1990s that the euro might not survive a crisis, at least in its current form. There is no EU treasury or debt union to back it up. The one-size-fits-all regime of interest rates caters badly to the different needs of Club Med and the German bloc.

The euro fathers did not dispute this. But they saw EMU as an instrument to force the pace of political union. They welcomed the idea of a "beneficial crisis". As ex-Commission chief Romano Prodi remarked, it would allow Brussels to break taboos and accelerate the move to a full-fledged EU economic government.
Take notice that all sorts of taboos have already been broken, and all the talk is in favor of that very "full-fledged EU economic government". Watch for more taboos to go by the wayside.
6 posted on 10/27/2011 9:49:46 PM PDT by Olog-hai
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To: bruinbirdman

Is anybody here learning the lesson from Greece?
Too much Debt is a killer!


7 posted on 10/27/2011 9:51:02 PM PDT by federal__reserve (Perry is a good man but his one on one debates with Obama keeps me awake at nights.)
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To: bruinbirdman

“summit to find a solution to the Greek problem”
Somewhere I read this story before. It might not end well for Greeks.


8 posted on 10/27/2011 10:04:16 PM PDT by GreatRoad (O < 0)
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To: FormerACLUmember
Socialist lazy parasites whining about hard workers up north.

A good, indepth analysis of the article. After reading it, I'll have to reread the article to see what I missed - I just KNOW there must to be some complaint, somewhere, about those hard workers in germany.

9 posted on 10/27/2011 10:16:03 PM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: bruinbirdman

He who pays the piper calls the tune.


10 posted on 10/27/2011 10:18:02 PM PDT by arrogantsob (Why do They hate her so much?)
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To: Mariner

“What Greece sees as hegemony, Germany sees as a ball and chain.”

Well said. The Germans will be lucky to get back half of the money they lent to these dingalings.


11 posted on 10/27/2011 10:22:37 PM PDT by haroldeveryman
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To: bruinbirdman

Once all the Germans were warlike, and mean
But that couldn’t happen again
We taught them a lesson in nineteen eighteen
And they’ve hardly bothered us since then


12 posted on 10/27/2011 10:23:49 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: bruinbirdman

The Greeks still retire at 52 years of age but cannot understand why the rest of the world just doesn’t give them more money.

After all - they can’t figure out anything to do on their own that would help.

They are no different than the Socialist moochers parading all over America bitterly complaining that someone else has more than they do.


13 posted on 10/27/2011 10:24:36 PM PDT by Iron Munro ('We do have tough gun laws in Massachusetts; I support them.' -- Mitt Romney)
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To: bruinbirdman
From the article: "Greece, like every other country in the eurozone, is now at the mercy of Germany. "

Greece, like every other country in the eurozone, is now and always has been at the mercy of GREECE.

They can continue their extravagent spending or spend less. They can pay off their debts or not pay them off. Germany is only involved because Greece NEEDS them to be involved for their own purposes.

14 posted on 10/27/2011 10:32:00 PM PDT by William Tell
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To: bruinbirdman
The Krauts are the 1%!

Time to impose reparations?

We saw how well that went after WW1.

15 posted on 10/27/2011 10:32:08 PM PDT by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: bruinbirdman
Hey Greece--your overly-generous social services program and government corruption has ruined your country. If you can't figure that out, that's a YOU problem.
16 posted on 10/27/2011 10:34:18 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: bruinbirdman

Greece is at the mercy of it’s own public employee unions and left-wing government. Blaming the people you need to beg to rescue you from your own irresponsibility is very unappealing.


17 posted on 10/27/2011 11:20:55 PM PDT by AnotherUnixGeek
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To: MrEdd

Once all the Germans were warlike, and mean
But that couldn’t happen again
We taught them a lesson in nineteen eighteen
And they’ve hardly bothered us since then
They've said some very interesting things over the years, though.
If European integration were not to progress, Germany might be called upon, or tempted by its own security constraints, to try to effect the stabilization on its own and in the traditional way.
This is from a position paper written back in 1994 by Wolfgang Schäuble (everybody knows Germany's current financial minister by now) and Karl Lamers (president of NATO Parliamentary Assembly and deputy chairman of the Bundestag's Defense Committee). That's the kind of attitude that Germany's elites have towards the EU—it's theirs, and don't you dare try to take it away from them.
18 posted on 10/27/2011 11:33:49 PM PDT by Olog-hai
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To: bruinbirdman

Does anyone who has given this matter a lot of thought have any opinions one way or the other about the impact these events will have, or should have, on our willingness to fund the Europeans’ financial woes through the IMF, and to fund their defense with 40,000 troops and tons of money we don’t have?


19 posted on 10/27/2011 11:43:50 PM PDT by dagogo redux (A whiff of primitive spirits in the air, harbingers of an impending descent into the feral.)
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To: bruinbirdman

Now imagine that Greece controlled the entire Euro military and the power to levy at the threat of confiscation, what do you have?


20 posted on 10/27/2011 11:50:25 PM PDT by Varsity Flight
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To: Olog-hai
"If European integration were not to progress, Germany might be called upon, or tempted by its own security constraints, to try to effect the stabilization on its own and in the traditional way." - 1994 by Wolfgang Schäuble

How about this one from German Chancellor to the Bundestag just this week:

For Daily Express, Merkel means war

"We have a ­historical obligation: To protect by all means Europe’s unification process begun by our forefathers . . ."

yitbos

21 posted on 10/28/2011 12:38:22 AM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bruinbirdman

Pr 22:7 ¶ The rich ruleth over the poor, and the borrower is servant to the lender.


22 posted on 10/28/2011 1:23:07 AM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: bruinbirdman
the decision will put the Greeks and all Europeans under the heel of Berlin

Then get off your skinny European butts and support yourselves! Greece should change its name to OccupyBerlin! They want to be bailed out with no consequences.

23 posted on 10/28/2011 4:04:44 AM PDT by BfloGuy (Even the opponents of Socialism are dominated by socialist ideas.)
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To: Cincinna; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks bruinbirdman.


24 posted on 10/28/2011 4:27:53 AM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: bruinbirdman

same as 1941-1945??


25 posted on 10/28/2011 5:04:30 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: bruinbirdman
Typical case of "scorn (bite) the hand that feeds you"...

They remind me of one who bums a smoke then calls the brand proferred "crap" - I finally started telling them to give it back and buy their own - oh that's right, you're too lazy to work.

26 posted on 10/28/2011 5:09:40 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: bruinbirdman
"If the situation continues with no other country being allowed to express its point of view,"

If that country is a "colony" of Germany, as Greece will apparently soon be, it's "point of view" doesn't matter.

27 posted on 10/28/2011 7:08:11 AM PDT by LZ_Bayonet ( I AM THE TEA PARTY LEADER !)
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Comment #28 Removed by Moderator

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