I don't get how germany can even afford a fourth bailout? How long until Germans start fighting back when their government keeps propping up collapsing nations and handling the lion's share of the refugee crisis. ""New billions should only flow when Athens implemented all the reforms. Even then, however, aid should only be given against a pledge "in the form of cash, gold or real estate... ... Essentially, Greece must surrender its remaining assets of real, tangible value in exchange for more Euros to make payments on its massive debt that can never be repaid". Greek former finance minister: " We will need to be careful about how it is done. Debt relief cannot be the Holy Grail," he said. "You can get rid of all of the the debt but if you have not fixed the institutions, and have not done the structural reforms, then you will end up back here again." https://www.google.com.au/amp/www.t...urth-bailout-due-unsustainable-debt-pile/amp/ http://www.trueactivist.com/the-fin...+debt+and+austerity&utm_medium=AM&utm_content
Germany with a population of 80 million is king pin within Europe's population of 500 million. It is in its financial interest to take up the slack of its southern neighbours.
They do not want Greece to walk away from the debt or the European banks will implode taking Europe with it. This is what happens when you turn a blind eye to a country doing deals with dodgy banks (Goldman Sachs) to fudge economic performance that would enable it to join the 'club' that you have helped create for your own benefit.
Remember that basket-case countries like Greece keep the value of the Euro down. Germany benefits enormously by having a strong economy and a currency that's weaker than it otherwise would be - it makes all their exports cheaper and they don't have to print to lower the value of their currency like other nations do. The actual cost of bailing out Greece needs to be discounted by the benefits Germany gets from a weaker Euro.
It took Germany 91 years until 2010 to finally pay off its 1919 world war 1 reparations ... some debts are more horrific than others ... http://abcnews.go.com/International...paration-payments-world-war/story?id=11755920
The way things look like going with several nations looking to leave the EU the Euro currency could soon be a basket currency. Greece should leave the EU and tell them to stick their Euro currency up their bum. They be better off imo.
The eurozone and european central bank is a scam and cannot run out of money ... it is an attempt to seize tangible assets over a fake debt ...
They earn MORE by propping up Greece. You have it the wrong way around. As long as the Eurozone can stay the way it is, Germany can mop up all trade with the demand for shiny mercedes Benz etc
Extraordinary to think that the debt wasn't extinguished at that time considering the total obliteration of German nation.
