I can't see the Greek people taking anymore austerity packages. With civil servants pay going down to Euro 800 a month for a family this is now bordering on poverty line.
Therefore, Merkel has 2 options:
1. Let the ECB pump billions of more Euros to the wind
2. Disown Greece and create a new Euro
Greece is at the edge of a civil war.
They should just be set free to fend for themselves. The pro-euro people are now saying what we have been saying from the beginning. Greece, Italy, Ireland etc should never have been allowed in the Euro. No One meets the criteria for the Euro so something has to give! This was all to save face against the UK who refused to join.
Germany want to continue with it's Eutopia, but at the end of the day the EU and Euro is a German Federal state. France has no say.
Back in 1973 Mitterand wanted political power and Kohl wanted economic power.
This has all gone terribly wrong.
Let it go and start again.
Therefore, Merkel has 2 options:
1. Let the ECB pump billions of more Euros to the wind
2. Disown Greece and create a new Euro
Greece is at the edge of a civil war.
They should just be set free to fend for themselves. The pro-euro people are now saying what we have been saying from the beginning. Greece, Italy, Ireland etc should never have been allowed in the Euro. No One meets the criteria for the Euro so something has to give! This was all to save face against the UK who refused to join.
Germany want to continue with it's Eutopia, but at the end of the day the EU and Euro is a German Federal state. France has no say.
Back in 1973 Mitterand wanted political power and Kohl wanted economic power.
This has all gone terribly wrong.
Let it go and start again.
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